Define the Following Terms and Explain Their Importance to the Study

question 115

Essay

Define the following terms and explain their importance to the study of economics.
A.Demand
b.Surplus
c. Equilibrium
d. Law of supply and demand
e.Quantity demanded

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Definitions:

Nutritional Foods

Edibles that provide essential nutrients necessary for maintaining health and preventing diseases.

Junk Food

Food containing a high calorie count but lacking in essential nutrients, usually rich in sugar, fat, and sodium.

Binge Eating Disorder

A disorder characterized by recurrent episodes of eating large quantities of food, followed by feelings of shame, distress, or guilt.

Bulimia Nervosa

An eating disorder characterized by periods of binge eating followed by attempts to avoid weight gain, often through vomiting, fasting, or excessive exercise.