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Compare and contrast Judith Leyster's Self-Portrait and Frans Hals's Malle Babbe. What characteristics suggest that these are contemporary works by artists with similar interests? How do the subjects of these works differ?
Consumer Surplus
The gap between the total sum consumers are ready and able to spend on a good or service, and the sum they actually do spend.
Market Equilibrium
The condition in which the quantity of a product supplied is equal to the quantity demanded, leading to a stable market price.
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.
Demand Curve
A graph showing the relationship between the price of a good and the quantity demanded by consumers.
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