Mastering Supply and Demand

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Questions and Answers

Market Equilibrium is achieved when ______ and ______ are the same

supply, demand

Market Disequilibrium is the ______ of equilibrium

opposite

A ______ is a place to buy, which doesn't have to be physical

market

A ______ occurs when there is more supply than demand

<p>shortage</p> Signup and view all the answers

A ______ occurs when there is more demand than supply

<p>surplus</p> Signup and view all the answers

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