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Equilibrium Price
The price point at which the supply of goods matches demand, leading to a stable market condition.
Income
The financial gain received from labor, capital, or the management of assets, usually measured over a certain period of time.
Tortilla Chips
A type of snack food made from corn tortillas cut into wedges and then fried or baked.
Equilibrium Price
The price at which the quantity of goods or services supplied is equal to the quantity demanded, leading to market balance.
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