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Supply and demand
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====Market equilibrium==== A situation in a market when the price is such that the quantity demanded by consumers is correctly balanced by the quantity that firms wish to supply. In this situation, the market clears.<ref>{{cite book |last1=Mankiw |first1=N.G. |last2=Taylor |first2=M.P. |date=2011 |title=Economics (2nd ed., revised ed.) |location=Andover |publisher=Cengage Learning}}</ref>
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