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Market Equilibrium
A situation where the quantity of a good or service demanded equals the quantity supplied, leading to a stable market price.
Sunglasses
Eyewear created to shield the eyes from the harmful effects and discomfort caused by intense sunlight and high-energy visible light.
Surplus
The situation in which the quantity supplied of a good or service exceeds the quantity demanded at the current price.
Bags Of Pretzels
Not a standard economic key term, often used as an example in contextual scenarios about goods.
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