Examlex
According to the textbook, children's capacity to delay gratification is increased when ____.
Market Price
The actual selling price of a good or service in the marketplace, determined by the forces of supply and demand.
Surplus
A situation in which the quantity of a good or service exceeds the quantity demanded at the current price.
Shortage
A situation in which the demand for a product or service exceeds the available supply.
Equilibrium Price
The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in market balance.
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