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What characteristic do plants, algae, and some bacteria have in common that is not shared with fungi or animals?
Demand
Demand in economics is defined as consumers' willingness and ability to purchase goods or services at a given price over a specific period of time.
Normal Goods
Goods for which demand increases as consumer income rises, and decreases when consumer income falls.
Inferior Goods
Goods for which demand decreases as the income of consumers increases, opposite to normal goods.
Quantity Demanded
Refers to the total amount of a good or service that consumers are willing and able to purchase at a given price level in a given period.
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