Examlex
Affirmative action occurs when one group is unintentionally discriminated against in an effort to help another group.
Equilibrium Price
The price at which the supply of an item matches its demand, ensuring that the market is in balance.
Excess Supply
A situation where the quantity of a good or service supplied surpasses the quantity demanded at a specific price.
Excess Demand
Excess demand occurs when the quantity demanded of a product or service at a given price exceeds the quantity supplied, often leading to a shortage.
Income
The money received, especially on a regular basis, for work or through investments.
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