Examlex
As commander in chief of the military, the president has the undisputed ability to
Equilibrium Quantity
The quantity of goods or services supplied in the market at which the quantity demanded equals the quantity supplied, leading to a stable market price.
Supply
The total amount of a good or service that is available for purchase at any given price level.
Demand
The extent of a good or service that patrons are inclined and have the ability to secure at different price ranges over a set period.
Substitute
A product or service that can be used in place of another, offering consumers an alternative choice.
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