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Law of Demand
An economic principle that states the inverse relationship between the price of a good or service and the quantity demanded.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to buy at a specific price.
Price
The amount of money expected, required, or given in payment for something.
Demand Curves
Graphical representations that depict the relationship between the price of a product and the quantity of that product consumers are willing to purchase at various price points.
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