A(n)________ Curve Shows the Number of Units the Market Will

question 73

Short Answer

A(n)________ curve shows the number of units the market will buy in a given time period at different prices.

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Definitions:

Effective Capacity

The maximum output rate or service capacity an operation, process, or facility can be expected to achieve under normal conditions.

Design Capacity

The maximum output or performance level that a facility or product is engineered to achieve under ideal conditions.

Capacity Alternatives

Various options available to a business for adjusting its capacity to meet changes in demand.

Market Acceptance

The degree to which a new product, service, or innovation is embraced by potential customers or end-users in the marketplace.