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Key Terms Instructions: Please Define the Following Key Terms

question 20

Essay

Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
universal gravitation


Definitions:

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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