Examlex
What is the probability of drawing three cards that are all spades from a regular (bridge) deck of cards?
Surplus
An excess amount of something, often referring to goods, services, or resources that exceed what is needed or used.
Equilibrium Price
The price at which the quantity of a good or service demanded equals the quantity supplied, leading to a situation where there is no tendency for the price to change unless external factors intervene.
Government Imposes
Measures or regulations put in place by the government that can impact various aspects of economic and social life.
Quantity Supplied
The amount of a good or service that producers are willing and able to sell at a specific price over a given period of time.
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