Examlex
A phone or online survey is an example of primary data collection.
Quantity Demanded
Denotes the overall quantity of a product or service that buyers are ready and capable of buying at a certain price point during a specified timeframe.
Shortage
A situation where the demand for a product exceeds the supply available at a specific price.
Quantity Demanded
The overall volume of a product or service that consumers are ready and capable of buying at a certain price.
Quantity Supplied
The overall quantity of a product or service that suppliers are prepared to offer for sale at a certain price during a defined time frame.
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