Examlex
Which of the following is not an impact of the slowdown occurring in China's economy?
Equilibrium Price
The price at which the quantity of goods suppliers are willing to sell equals the quantity consumers are willing to buy, also known as the market-clearing price.
Quantity Supplied
The quantity of a product or service that suppliers are ready and capable of offering for sale at a specific price point.
Quantity Demanded
The total number of units of a good or service that consumers are willing and able to purchase at a given price in a given time period.
Increase in Demand
A situation in which more of a product or service is desired, leading to a shift of the demand curve to the right.
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