Examlex
Explain the significance of virtual teams.
Demand Curve
A curve showing the relation between the price of a good and the quantity consumers are willing and able to buy per period, other things constant.
Market Demand Curve
A graphical representation that depicts the total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.
Law of Demand
The economic principle stating that as the price of a good decreases, consumer demand for that good will increase, and vice versa, holding everything else constant.
Quantity Demanded
The amount of a good consumers are willing and able to buy per period at a particular price, as reflected by a point on a demand curve.
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