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Identify/define and explain the significance of the following: Guises.
Price of the Good
The amount of money required to purchase a specific product or service.
Suppliers' Expectations
The anticipations or forecasts of future conditions by suppliers that can influence their decisions on production, pricing, and stock levels.
Surplus
The amount of a commodity or service available beyond what is directly needed by its consumers, often leading to lower prices.
Demand and Supply of Wheat
The relationship between the quantity of wheat buyers are willing to purchase and the quantity of wheat producers are willing to sell at various prices.
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