Examlex
According to the proximodistal principle,
Quantity Demanded
The specific amount of a good or service consumers are willing to buy at a given price point, holding all else constant.
Quantity Supplied
The total amount of a good that producers are willing to sell at a given price over a specific time period.
Shortage
A situation in which demand for a good or service exceeds the available supply at a specific price.
Supply
The total amount of a specific good or service available for purchase at any given price level in a given market.
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