A Surplus Is the Same as an Excess Demand

question 213

True/False

A surplus is the same as an excess demand.

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Definitions:

Equitably

In a manner that is fair and impartial.

Equally

With uniformity, without difference; being the same in quantity, size, degree, or value.

Individualistic

Pertaining to an outlook or philosophy that emphasizes the importance of the individual and their autonomous decision-making over collective goals.

Collectivistic

Describing cultures or societies that prioritize the group over the individual, often emphasizing community, cooperation, and interdependence.