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_____________ Is a Measure of the Ease of Fixing a Product

question 63

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_____________ is a measure of the ease of fixing a product when it malfunctions or fails.


Definitions:

Good

An item or product that satisfies a want or need, available for sale or trade.

Market Demand

The total quantity of a good or service that all consumers in the market are willing and able to purchase at different prices.

Market Supply

The total quantity of a good or service that all producers in a market are willing and able to sell at various price levels.

Demand Curve

A graphical representation that shows the quantity of a product or service desired by buyers at various price levels.

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