Examlex
The main cause of infant mortality in the first year is
Surplus I
An excess of supply over demand, leading to a situation where the quantity of a good or service exceeds the quantity demanded at the current price.
Consumer Surplus
The difference between what consumers are willing to pay and what they actually pay for a good or service.
Surplus II
An excess of supply over demand, leading to lower prices and potential inefficiencies in the market.
Equilibrium Quantity
At the market equilibrium price, the amount of goods or services available matches the amount that consumers want to buy.
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