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Sustainable development is an important, but not necessarily the most prominent, topic of our time.
Quantity Demanded
The complete quantity of a product or service that buyers are ready and capable of buying at a certain price during a designated time frame.
Demand Curve
A graph showing the relationship between the price of a good and the quantity demanded by consumers.
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to offer for sale.
Production Possibility Frontier
A graph that shows the maximum possible output combinations of two goods or services an economy can achieve when using all available resources efficiently.
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