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10 cards from this deck
Where quantity demanded equals quantity supplied
When market forces are not in balance
When price is above equilibrium; unsold stock results
When price is below equilibrium; unmet demand results
Price where demand and supply curves intersect
Equilibrium price falls, quantity rises
Both equilibrium price and quantity rise
Producers reduce prices to eliminate surplus
Price rises as buyers compete; shortage eliminated
Good with demand rising as consumer incomes increase
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