Examlex
Since the 1980s,there has been
Equilibrium Price
The price at which the quantity of goods supplied is equal to the quantity of goods demanded in the market.
Suppliers
Entities or individuals that provide goods or services to consumers or other businesses.
Supply and Demand
Fundamental economic model illustrating how the interaction between sellers and buyers determines the price and quantity of goods or services in a market.
Price
The amount of money required to purchase a good or service, acting as a signal to both buyers and sellers in the market.
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