Examlex
The BOLD effect is important in which of the following technologies?
Surplus
A surplus refers to the amount by which the quantity supplied of a product or service exceeds the quantity demanded, often resulting in a decrease in prices.
Shortage
A market condition where the demand for a good exceeds its supply at a specific price, often leading to price increases.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price in a given time period.
Shortage
A situation where the demand for a product exceeds its supply in the market.
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