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Demand Increased
A situation where consumers are willing and able to purchase more of a good or service at any given price level, often leading to higher prices.
Demand Decreased
A situation where the desire or need for a certain product or service declines, leading to a decrease in its quantity demanded at a given price.
Quantity Supplied
The total amount of a specific good or service that producers are willing and able to sell at a given price within a specified period.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a particular price.
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