Examlex
Which of the following was the first African American to receive a PhD from Harvard University?
Surplus
An excess of income or assets over expenditure in a given period, often referring to a government's budget.
Quantity Supplied
The total amount of a good or service that producers are willing and able to sell at a given price over a specific period.
Quantity Demanded
The amount of a good or service consumers are willing and able to buy at a specific price level, ceteris paribus.
Equilibrium Price
The price level where the supply of goods meets the demand for those goods.
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