Examlex
Suppose there is a simultaneous increase in demand and decrease in supply, what effect will this have on the equilibrium price?
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Digital information available through the internet, including articles, videos, and social media posts.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a specific price point.
Quantity Supplied
The total amount of a good or service that producers are willing and able to sell at a given price level.
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Blu-ray discs are high-density optical discs used for storing large amounts of data, including high-definition video and audio.
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