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Responses that are reinforced and tend to be repeated illustrate
Excess Supply
A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price, often leading to a price decrease.
Excess Demand
A situation in which the demand for a product or service surpasses its supply in a market, often leading to price increases.
Market Equilibrium
A situation where the quantity of a good or service supplied equals the quantity demanded at a specific price level.
Excess Demand
A scenario in which the current price of a product or service leads to a demand that surpasses its available supply.
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