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Refer to the information provided in Figure 4.6 below to answer the questions that follow.
Equilibrium in this market occurs at the intersection of curves S and D. Figure 4.6
-In figure 4.6 at equilibrium, consumer surplus is area
Secondary Storage
A non-volatile storage medium used for keeping data permanently, as opposed to the volatile primary storage or main memory.
Input Device
A hardware component used to enter data or instructions into a computer system.
Compiler
A software tool that translates code written in a high-level programming language into a lower-level language or machine code that can be executed by a computer.
High-Level Language
A programming language that is closer to human language, making it easier to read, write, and maintain code.
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