Examlex
What are the major categories of ratios used to analyze financial statements,and what do they measure?
Price
The sum of currency anticipated, required, or given in transaction for something.
Demand
The desire and ability of consumers to purchase goods and services at various prices.
Law of Demand
States that, all other factors being equal, as the price of a good increases, demand for that good decreases, and vice versa.
Quantity Demanded
The amount of a good or service that consumers are willing and able to purchase at a specific price.
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