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Determine whether the relation is a function.
-{(-7, -8) , (-7, -5) , (2, 2) , (4, -8) , (10, 6) }
Equilibrium
The state in which market supply and demand balance each other, resulting in stable prices and quantities.
Market Equilibrium
A state in which market supply and demand balance each other, resulting in stable prices and quantities.
Producer Surplus
The difference between what producers are willing to accept for a good or service versus what they actually receive, often illustrated in economic surplus models.
Equilibrium
A state of balance in a market or economy where supply equals demand, resulting in stable prices.
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