Examlex
The ________ was a period of drought in the 1930s in the United States that resulted in significant dust storms blowing fine sediment for hundreds of miles.
Equilibrium Price
The price at which the quantity of a good or service offered by sellers equals the quantity demanded by buyers, leading to a stable market condition.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.
Producer Surplus
The difference between what producers are willing to accept for a good versus what they actually receive.
Ruby
A precious red gemstone made of corundum (aluminum oxide), prized for its color and brilliance.
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