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Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity supplied.
Equilibrium Quantity
The quantity of goods or services supplied and demanded at the equilibrium price, where market supply equals market demand.
Agricultural Price Floors
Government-imposed limits on how low prices can fall for agricultural products, aimed at stabilizing farmers' incomes.
Surplus
The situation in which the quantity of a good supplied exceeds the quantity demanded at a specific price.
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