Examlex
Explain the relationship between a franchisee and a franchisor.
Demand Curve
A graphical representation that shows the relationship between the quantity of a good or service consumers are willing and able to purchase and its price.
Excess Demand
A market condition where the quantity demanded of a good exceeds the quantity supplied at a given price, often leading to price increases.
Supply
The total quantity of a good or service that the market can offer.
Demand
The amount of a product or service that consumers are willing and able to purchase at various prices during a specified period.
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