Examlex
Forgetting often occurs in memory because of an overabundance of neural consolidation.
Equilibrium Quantity
The quantity of goods supplied is equal to the quantity demanded at the market equilibrium price.
Normal Good
A good for which demand increases when consumer income rises, and falls when consumer income decreases, all other factors being constant.
Demand Curve
A graphical representation that shows the relationship between the price of a good and the quantity demanded by consumers.
Equilibrium Price
The price in the market where the amount of a product that consumers want to buy is the same as the amount available for sale, resulting in a balanced market situation.
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