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Explain what the terms circular velocity and escape velocity mean.Give the formula for each and explain what each mathematical symbol represents.
Income
Compensation acquired from job employment or the act of investing, usually in a regular pattern.
Price
The expected financial outlay, required, or dispensed in payment for something.
Claret
A red wine from Bordeaux, France, or a wine of similar character from elsewhere.
Demand Function
A mathematical representation of the relationship between the quantity demanded of a good and its determining factors, such as price and consumer income.
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