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Demand Curve
A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at various prices.
Price
The amount of money required to purchase a good or service, determined by factors such as demand and supply.
Demand Curve
A graph showing the relationship between the price of a good and the quantity demanded, typically downward sloping, reflecting price sensitivity.
Quantity Demanded
The complete sum of a good or service that shoppers intend and have the means to purchase at a set price.
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