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Gabe, at first, holds the beach ball by pulling the ball to his body with his arms. With increasing age, he begins to hold the ball with his hands and later with his fingertips. This progression of development illustrates
Equilibrium Price
The equilibrium price in the market where the supply of goods matches the demand for goods.
Equilibrium Quantity
The quantity of goods or services supplied is exactly equal to the quantity demanded at the market price.
French Fries
A popular fast food made by cutting potatoes into strips and deep-frying them until they are crispy.
Hamburger Ingredients
The various components required to make a hamburger, such as ground meat, lettuce, tomato, buns, and condiments.
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