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Demand Decreases
A situation where the quantity of a good or service desired by consumers lessens.
Demand Curve
A graph showing the relationship between the price of a good and the amount of the good that consumers are willing and able to buy at each price.
Inferior Good
A type of good for which demand decreases as the income of the consumer increases.
Demand Curves
A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers.
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