Examlex
Match each situation to the most appropriate term.
-begins when Na+ channel inactivation gates close and K+ activation gates open
Excess Supply
A situation in the market where the quantity supplied of a good exceeds the quantity demanded, often leading to a decrease in price.
Quantity Supplied
The amount of a good or service that producers are willing to sell at a given price.
Surplus
The situation in which the quantity of goods exceeds the quantity demanded at the current price.
Price Ceiling
A legally established maximum price that can be charged for a good or service, usually set below the equilibrium price to make goods more affordable.
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