Examlex
use the conditional-disjunction equivalence to find an equivalent compound proposition that does not
involve conditions.
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Equilibrium
A state where market supply and demand balance each other, and as a result, prices become stable.
Consumer's Money Income
The total amount of income a consumer has available to spend and save after taxes have been deducted.
Budget Line
A graphical representation of all possible combinations of two goods which can be purchased with a given budget at specific prices.
Equilibrium Position
A situation in which the supply and demand in the market are equal, leading to stable prices.
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