Examlex

Solved

What Are the Important Reasons for Database Modelling

question 19

Essay

What are the important reasons for database modelling?


Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing to buy at a given price during a specified time period.

Quantity Demanded

The quantity of a product or service that buyers are ready and capable of buying at a certain price.

Complements

Items or services that complement each other in such a way that a rise in demand for one results in a rise in demand for its counterpart.

Demand Curve

A graph that represents the relationship between the price of a good or service and the quantity demanded by consumers.

Related Questions