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Use the data given below to answer the following questions)
Below is the spreadsheet for demand prediction of a company that sells chocolates.
-If a dollar sign is used before the column label B4 $B4) , how will the formula at B10 be represented in C11 using absolute addressing?
Law of Supply
The principle that, other things equal, an increase in the price of a good leads to an increase in the quantity supplied, and vice versa.
Price
The amount of money required to purchase a good or service, representing the value that consumers or buyers are willing to pay.
Good
An item or service that satisfies human wants and provides utility, which can be transferred from one person to another.
Demand Curve
An illustrative chart that demonstrates the link between a product's price and the amount of it consumers want to buy.
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