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Quantity Demanded
The aggregate quantity of a product or service that buyers are prepared and able to buy at a specific price.
Equilibrium Price
The price point at which the demand for a product matches the supply of the product, ensuring market stability.
Quantity Supplied
The amount of a good or service that producers are willing and able to sell at a given price over a specified period.
Binding Constraint
A restriction or limitation that affects the feasibility or optimization of a decision or system.
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