Examlex
Which term can be described as the duplication of data and storing it in multiple locations?
Equilibrium Price
The price at which the quantity of a good or service supplied equals the quantity demanded, leading to market stability where there is no tendency for change.
Excess Supply
A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price.
Nonprice Rationing
The allocation of goods among consumers using criteria other than price, such as waiting times or quotas.
Excess Supply
A situation where the quantity supplied of a good or service exceeds the quantity demanded at the current price.
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