Translate the Given Formula to an English Phrase Using the Word

question 469

Short Answer

Translate the given formula to an English phrase using the word ʺvariesʺ.
- $$\mathrm { C } = 2 \pi \mathrm { r } \text {, where } \mathrm { C } \text { is the circumference of a circle of radius }$$

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Definitions:

Invisible Hand

A term coined by Adam Smith to describe the unintended social benefits resulting from individual actions.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the point where the supply and demand curves intersect, representing market balance.

Equilibrium Quantity

The amount of products or services available that meets the demand at the price where market equilibrium is achieved.