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Downward-Sloping Demand
A concept in economics that indicates demand for a good or service decreases as its price increases, assuming all other factors remain constant.
Output
The amount of goods or services produced by a company, industry, or economic system.
Price Searchers
Price searchers are businesses or sellers who determine the sale price of their products or services based on market conditions, rather than fixed prices.
Price Leaders
Price leaders are companies that dominate their sector and can influence the market price of goods or services by setting a price others follow.
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