Examlex
The name of KNO3 is potassium nitratide.
Quantity Demanded
The aggregate quantity of a product or service that buyers are prepared and capable of buying at a certain price point.
Equilibrium Price
The cost at which the amount of a product or service that consumers want to buy matches the amount that producers are willing to sell, creating a balanced market situation.
Demand
The quantity of a product or service that consumers are willing and able to purchase at various price levels, at a given point in time.
Supply
The total amount of a good or service available for purchase at any given price.
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