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On a supply-and-demand diagram,consider a price for which the horizontal distance to the supply curve is shorter than the horizontal distance to the demand curve.There is a __________ at that price and the current price must be __________ the equilibrium price.
Histogram
A graphical representation of the distribution of numerical data, where the data is grouped into ranges and each range corresponds to a vertical bar.
Centers
Locations or points that are central within a larger area, often serving as focal points for activities or distribution.
Histogram
A graphical representation of the distribution of numerical data, where the data is grouped into bins or intervals.
Peaks
Points of maximum value or height in a distribution or dataset.
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