Examlex
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Law of Demand
An economic principle stating that as the price of a product decreases, consumer demand for the product will increase, and vice versa.
Inverse Relationship
A situation where two variables move in opposite directions, meaning as one variable increases, the other decreases.
Willingness
The readiness or propensity of an individual to engage in a particular action or to accept a certain offer.
Law of Demand
A fundamental principle stating that, ceteris paribus, as the price of a good increases, the quantity demanded of that good decreases, and vice versa.
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