Examlex
The ability to _____ is a better predictor of school grades than is _____.
Market Equilibrium
A state where the supply of goods matches demand, resulting in stable prices.
Market Equilibrium
Market Equilibrium is a state in which market supply equals market demand, meaning that goods supplied at a certain price are exactly matched by the goods demanded at that price.
Excess Demand
A market situation where the quantity demanded of a product exceeds the quantity supplied at a given price, leading to shortages.
Excess Supply
The situation where the quantity of a good or service that is available exceeds the quantity demanded by consumers at the current price.
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