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Match Each Item to the Correct Description Below

question 13

Multiple Choice

Match each item to the correct description below.
-Each electrode placed in a "V" position is a(n) _____ electrode.


Definitions:

Quantity Supplied

The aggregate quantity of a product or service that suppliers are prepared and capable of selling at a particular price during a defined time frame.

Shortage

A condition where the quantity demanded of a good exceeds the quantity supplied at the market price.

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded in the market.

Equilibrium Quantity

The amount of products or services that are provided and requested at the balance price.

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