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FSH
Law Of Demand
The economic principle that, all else equal, an increase in the price of a good will decrease the quantity demanded, and conversely, a decrease in price will increase the quantity demanded.
Quantity
The amount or number of a material or immaterial entity that is measureable.
Equilibrium Price
The selling price where the amount of products offered is equal to the amount of products consumers want to buy.
Quantity Supplied
The amount of a good or service that producers are willing and able to sell at a particular price over a specified period.
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