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Use the Pythagorean identities to simplify the expression.
Market Equilibrium
A condition in which the quantity of a product demanded by consumers equals the quantity supplied by producers, leading to a stable market price.
Market Equilibrium
The point where the supply of goods matches demand, resulting in a stable price.
Excess Demand
A market situation where the quantity demanded of a good exceeds the quantity supplied at a current price, leading to shortages.
Excess Supply
A situation in a market where the quantity of a good supplied is greater than the quantity demanded at the current price.
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