Examlex
Which of the following explains buoyancy?
Quantity Demanded
The sum total of a particular good or service that consumers are inclined and financially equipped to acquire at a determined price range within a given period.
Quantity Supplied
The volume of a commodity or service that producers are prepared and able to supply at a specified price within a certain timeframe.
Equilibrium Price
The price point at which the supply of an item matches the demand for it, resulting in a stable market situation without excess or shortage.
Equilibrium Quantity
The quantity of a good or service at which supply equals demand, resulting in no net surplus or shortage in the market.
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