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Define and describe franchising.What are the three major forms of franchising?
Quantity Demanded
Refers to the total amount of a good or service that consumers are willing to purchase at a given price.
Demand Curve
A chart that illustrates how the quantity of a product demanded is related to its price.
Supply Curve
A graphical representation of the relationship between the price of a good and the quantity supplied.
Quantity Supplied
Refers to the amount of a certain good or service that producers are willing and able to sell at a given price.
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