Examlex
Unexpected discoveries of mineral reserves will ordinarily cause the price of these minerals to increase.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price level, in a given time period.
Market Price
The present rate at which a service or asset is available for sale or purchase in the open market.
Equilibrium Level
The state at which market supply and demand balance each other, resulting in stable prices and quantities.
Surplus
The amount by which the quantity supplied of a product exceeds the quantity demanded at a specific (above-equilibrium) price.
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