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Sam, a student, promises to act as a guide on a fishing trip for a group of visiting dignitaries. The dignitaries agree to pay him $200 for his services. Sam guides them, but when they discover that Sam does not have a fishing license, they refuse to pay him. The agreement is an illegal one, which is not enforceable.
Chocolate-Covered Peanuts
A snack item consisting of peanuts coated in chocolate.
Cross-Price Elasticity
A measure of how the quantity demanded of one good responds to a price change in another good.
Electricity
A form of energy resulting from the existence of charged particles such as electrons or protons, used as a power source.
Natural Gas
A fossil fuel formed from plants and animals buried under the Earth's surface and exposed to extreme heat and pressure over millions of years.
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