Examlex
Use mathematical induction to prove the following for every positive integer .
Equilibrium Price
The price at which the quantity of a product offered is equal to the quantity of the product demanded.
Domestic Price
The price of goods or services within a country's borders, influenced by local supply and demand conditions.
Exports
Goods or services sold by a country to buyers located in other countries.
Export Supply
The total amount of goods and services a country's producers are willing and able to sell abroad at a given price level.
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