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Suppose Smith wants one iPod no matter what the price is between $0 and $150,Jones wants one iPod no matter what the price is between $0 and $200,and Young wants one iPod no matter what the price is between $0 and $250. In this case,each individual buyer's demand curve will be __________________ and the market demand curve will be __________________.
Conditional Probability
The likelihood that one event happens assuming a different event has already taken place.
Occurrence
The fact of something happening or the instance of something taking place.
Event
An occurrence or happening, particularly one of significance, often considered for its effects or outcomes in various contexts.
Exclusive
Pertaining to a unique right or privilege held by an entity, preventing others from sharing the same.
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