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supply-constrained equilibrium
sup·ply-con·strained e·qui·lib·ri·um


noun 
Definition:
 
economics balance between prices, supply and demand: a situation in which prices remain at a level below that at which aggregate demand equals aggregate supply
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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