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Two-dimensional graphs have a horizontal and a vertical axis and are used in economics to illustrate
Gasoline
A volatile, flammable liquid primarily used as fuel in internal combustion engines.
Equilibrium Price
The price at which the quantity of goods supplied equals the quantity demanded, hence, the market is in balance.
Market Price
The ongoing rate at which an asset or service is being offered for buying or selling.
Shortage
An instance where the desire for a good or service outstrips its availability at a given price.
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