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With a single supply and demand diagram, illustrate a shortage and a surplus. Carefully label the diagram.
Ice Cream
A sweet, frozen dessert made from cream or milk and flavors, often churned and frozen to a soft consistency.
Budget Constraint
The limit on the consumption bundles that a consumer can afford based on their income and the prices of goods.
Music Downloads
The process of transferring music files from the internet to a computer or a music player, allowing users to listen to their preferred tracks.
Online Movie Streaming
The process of watching movies over the internet without downloading them, often through subscription services.
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