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The average occurrence of the adolescent growth spurt
Equilibrium Price
The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, clearing the market.
Equilibrium Quantity
The quantity of goods or services that is supplied and demanded at the point where the supply and demand curves intersect.
Quantity Demanded
The amount of a good or service that consumers are willing and able to buy at a given price.
Price
The monetary value assigned to a product or service, indicating how much a buyer must pay to acquire it.
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