Examlex
A mercury barometer reads 770 mm Hg. What is the actual atmospheric pressure in g/cm2?
Excess Demand
A situation where the quantity demanded of a good or service exceeds the quantity supplied at the current price, leading to upward pressure on prices.
Good X
A term used to represent a hypothetical or specific good in economic models and discussions.
Excess Supply
A situation where the quantity of a good supplied is greater than the quantity demanded at the current price.
Good Y
A non-specific term used in economic models to represent a product or service, usually contrasted with another good, referred to as "Good X."
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