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Market Demand Curve
represents the total quantity of a good or service that consumers in a market are willing and able to purchase at different prices.
Quantity Demanded
The total amount of a good or service consumers are willing and able to purchase at a specific price.
Price
The amount of money expected, required, or given in exchange for an item or service in a market.
Normal Good
A good for which demand increases as the income of consumers increases, and vice versa.
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