Examlex
In ________ memory, information becomes available without any conscious effort; in ________ memory, one makes a conscious effort to recover the information.
Equilibrium Price
The market price at which the quantity of goods supplied is equal to the quantity of goods demanded; it is the price that clears the market.
Surplus
A surplus refers to the amount by which the quantity supplied of a product or service exceeds the quantity demanded, often resulting in a decrease in prices.
Shortage
A market condition where the demand for a good exceeds its supply at a specific price, often leading to price increases.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price in a given time period.
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