Examlex
Two dice are rolled. Find the probability that the sum was a 9 given that one of the numbers was a 4.
Equilibrium Level
The state in which market supply and demand balance each other, resulting in stable prices and quantities.
Unemployment
The situation when people who are willing to work at prevailing wage rates cannot find jobs.
Equilibrium
A state in which supply and demand are balanced, resulting in stable prices.
Supply And Demand
A fundamental economic concept that describes how prices vary based on the balance between the quantity of a good or service provided and the quantity consumers wish to purchase.
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