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2.5 Key terms

Unit 2.5 - Key termsMarket disequilibrium is the situation that occurs when the demand for a good or service does not match the supply of the product.Market equilibrium occurs when the demand for a good or service is equal to its supply.The market equilibrium price is the price at which there is no shortage or surplus because consumers are willing and able to pay the same price as suppliers are able and willing to sell...

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