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Discuss the difference between the two types of goal-performance discrepancies: discrepancy reduction and discrepancy creation.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price level in a specified period.
Demand
The volume of goods or services consumers are prepared and able to buy across a range of prices within a certain timeframe.
Increase
To increase or cause to increase in magnitude, quantity, intensity, or scope.
Alfred Marshall
A prominent British economist known for his work in microeconomics and for developing the concept of price elasticity of demand.
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