Identify the Following Terms

question 32

Short Answer

Identify the following terms.
-Kenya's central highlands

---

Definitions:

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to a balance without excess supply or demand.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, contrasting with normal goods.

Peanut Butter

A food paste or spread made from ground, dry-roasted peanuts.

Recession

A downturn in the economy.