Examlex
Using the data set below,answer the questions that follow.
-What is the range?
Price
The monetary value assigned to a product or service for purchase.
Good Bought
Refers to a product or service that has been purchased by a consumer or organization.
Equilibrium Price
Equilibrium price is the price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a stable market situation.
Milk
A nutrient-rich liquid food produced by the mammary glands of mammals, widely consumed by humans and used in a variety of dairy products.
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