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A demand curve is built assuming that
Vertical Axis
In graphing, the y-axis upon which variables or values are plotted, typically representing dependent measurements in a chart or graph.
Real Salary
The purchasing power of an individual's income, taking into account the effect of inflation on spending power.
Nominal Salary
The amount of money earned by an employee before any deductions or adjustments for inflation.
Goods and Services
Physical products (goods) and intangible benefits (services) that fulfill consumers' needs or desires.
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