Examlex
predict what happens, while _ explain how and why something occurs.
Slope
In mathematics, the rate at which a line or curve inclines or declines, calculated as the ratio of the vertical change to the horizontal change between two points on the line.
Demand Curve
A graph showing the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase at various prices.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a specific price level within a certain period.
Income Response
The change in consumers' buying behavior resulting from a change in their income.
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