Examlex
Market equilibrium is the point where quantity supplied and __________ are reasonably in balance.
Quantity
A measurable amount or the total number, volume, or extent of something.
Quality
Quality refers to the inherent or distinctive characteristics or properties of a product or service that determine its perceived value and reliability by the consumer.
Statute of Frauds
A legal principle that requires certain contracts to be in writing and signed by the parties involved to be enforceable.
Merchant
An individual or business entity engaged in the buying and selling of goods, especially with regards to the provisions of the Uniform Commercial Code (UCC) which define specific responsibilities and protections for merchants.
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