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Some argue that the Internet has diminished the need for travel agents. Others boast that travel agents offer a unique level of personalized service that the Internet lacks. Profile the customer that would utilize a travel agent versus the typical Internet consumer.
Demand Curve
An illustrated chart showing the connection between a product's price and the level of demand from buyers.
Price of Quinoa
The cost at which quinoa, a high-protein, gluten-free grain, is sold in the market.
Equilibrium Price
The price at which the quantity of goods suppliers are willing to sell equals the quantity consumers are willing to buy, also known as the market-clearing price.
Quantity Supplied
The quantity of a product or service that suppliers are ready and capable of offering for sale at a specific price point.
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