Examlex
Because people's wants are unlimited but resources are scarce,
United States
A country located in North America, comprising 50 states, a federal district, and several territories, known for its diverse geography and multicultural population.
Market Equilibrium Price
The price at which the quantity of a product demanded by consumers equals the quantity supplied by producers, resulting in market balance.
Jazz Festival
A musical event focusing primarily on jazz music, often featuring performances by various artists.
Scalping
The practice of buying tickets to an event and reselling them at a higher price for profit, often just before the event occurs.
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