Examlex
Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
universal gravitation
Demand
The extent of a good or service that patrons are inclined and have the ability to secure at different price ranges over a set period.
Substitute
A product or service that can be used in place of another, offering consumers an alternative choice.
Equilibrium Price
The price point where market supply matches market demand, leading to a balanced market condition.
Pens
Writing instruments that use ink to leave a mark on surfaces, typically used for handwriting.
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