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Antarctica, which is mostly ice, is much colder than the Arctic, which is a mixture of ice and water. Why?
Decrease In Supply
A reduction in the total amount of a good or service that is available to consumers, often leading to higher prices.
Equilibrium Price
The price at which the quantity of a product offered is equal to the quantity of the product demanded, leading to a balance in the market.
Demand Curve
A graphical representation of the relationship between the price of a good and the quantity demanded by consumers at various price levels.
Legal Interest Rates
The maximum rate of interest lenders can charge borrowers, as determined by law.
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