Examlex
Economics is the study of:
Supply Of Calculators
The total quantity of calculators that manufacturers are willing and able to sell at various price levels, holding all else equal.
Lower Cost
Refers to the reduction in expenses required to produce goods and services, improving profitability.
Surplus
An amount of something left over when requirements have been met; in economics, it typically refers to excess supply over demand.
Shortage
A market condition whereby the request for a service or product goes beyond what is readily available.
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