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Equilibrium Quantity
The quantity of goods or services that is supplied and demanded at the equilibrium price, where supply equals demand.
Quantity Supplied
The amount of a good or service that producers are willing and able to sell at a specific price over a given period of time.
Quantity Demanded
The total amount of a good or service that consumers are willing to purchase at a given price within a specific time period.
Surplus
An excess of production or supply over demand.
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