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The General Journal is flexible and can be used for original, adjusting, closing, andcorrecting entries.
Demand Curve
A graphical representation of the relationship between the price of a good or service and the quantity demanded for a range of prices.
Marginal Revenue Curve
A graphical representation showing how marginal revenue varies as the quantity of goods sold changes.
Marginal Revenue
The extra revenue received from the sale of an additional unit of a product or service.
Price
The amount of money that must be paid to acquire a good or service.
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