Examlex
Garret is frustrated and angry when his request for a pay raise is turned down.After work,Garret goes to his gym and hits the punching bag for 10 minutes.Garret finds that he feels less tense and wound up after his workout.What concept does this example illustrate
Surpluses
Occurs when the quantity supplied of a product exceeds the quantity demanded, often leading to a drop in prices.
Price Up
An increase in the cost of goods or services in the market.
Shortages
A situation in which the demand for a product or service exceeds its supply in a market.
Demand
The desire and ability of consumers to purchase goods and services at given prices.
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