Examlex
The following table gives the numbers of AIDS deaths in a single year for people over age 13 in various categories. Use the table to find the probability, rounded to four decimal places, that a person who died of AIDS in this year was female.
Price Ceiling
A government-imposed limit on how high a price can be charged for a product, service, or commodity.
Consumers
Individuals or households that purchase goods and services for personal use.
Total Surplus
The sum of consumer surplus and producer surplus, representing the total net benefit to society from the production and consumption of a good or service.
Free-market Equilibrium
A state in a free market where supply equates demand without any government intervention, allowing prices to be set naturally.
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