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World Price
The price at which goods are traded on the global market.
Supply Curves
Graphical representations showing the relationship between the price of a good and the quantity of that good that suppliers are willing to sell.
Demand Curves
A graphical representation that shows the relationship between the price of a good and the quantity demanded by consumers.
World Price
The worldwide market price of a good or service, affected by the balance of global demand and supply.
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