Create an account
the amount of goods and services people are willing and able to purchase at various prices during a specific time period
law of demand
an increase in prices causes a decrease in quantity demanded; a decrease in price causes an increase in quantity demanded
a table that lists the quantity of a good a person will buy at various prices in the market
demand that is not very sensitive to price changes; a small change in price causes a small change in quantity demanded
demand that is very sensitive to price changes; a small change in price causes a big change in quantity demanded
the amount of money a company receives from selling goods or services; price x quantity
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