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Price of Pretzels
The amount of money required to purchase a specific quantity of pretzels, influenced by factors such as production costs and market demand.
Number of Buyers
Refers to the overall or potential quantity of consumers or entities in the market willing to purchase goods and services.
Law of Supply
The law of supply states that, keeping other factors constant, an increase in the price of a good or service will increase its supply, and vice versa.
Quantity Supplied
The amount of a good or service that producers are willing to sell at a given price over a specified period.
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