Examlex
Cathy used to refer to all round objects as apples.Now,based on experience,she correctly distinguishes between apples and oranges.This illustrates the process of:
Imported
Refers to goods or services brought into one country from another for sale or use.
Ceteris Paribus
A Latin term meaning "all other things being equal," used in economics to analyze the effect of one variable on another while holding all other factors constant.
Demand Curve
It represents the relationship between the price of a good or service and the quantity demanded by consumers over a certain period of time.
Quantity Demanded
Refers to the total amount of a good or service that consumers are willing and able to purchase at a specific price.
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