Supply and demand
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In microeconomics, supply and demand is an economic model of price determination in a market. It concludes that in a competitive market, the unit price for a particular good will vary until it settles at a point where the quantity demanded by consumers (at current price) will equal the quantity supplied by producers (at current price), resulting in an economic equilibrium for price and quantity.
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See also
- Alpha consumer
- Artificial demand
- Barriers to entry
- Cambridge capital controversy
- Consumer theory
- Deadweight loss
- Demand chain
- Demand forecasting
- Demand shortfall
- Demand vacuum
- Economic surplus
- Effective demand
- Effect of taxes and subsidies on price
- Elasticity
- Excess demand function
- Externality
- History of economic thought
- Induced demand
- "invisible hand"
- Inverse demand function
- Labor shortage
- Law of supply
- Neoclassical economics
- Producer's surplus
- Protectionism
- Profit
- Rationing
- Real prices and ideal prices
- Say's Law
- "Supply creates its own demand"
- Supply shock
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