Examlex
What part of the cacao seed is used to produce chocolate liquor?
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to produce and sell, holding other factors constant.
Demand
The desire for a particular good or service combined with the ability and willingness to pay for it.
Emergent Property
A characteristic or phenomenon that arises from the interaction and organization of individual components in a system, not predictable from the properties of the individual parts.
Market Equilibrium
The point at which the quantity of goods supplied equals the quantity demanded at a particular price.
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