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The downside to conducting inspections at too early a stage is that units spoiled at later stages of the process may go undetected.
Equilibrium Quantity
Equilibrium Quantity is the quantity of goods or services that is supplied and demanded at the equilibrium price, where market supply and demand balance.
Demand Curve
A chart that demonstrates how the demand for a product changes in response to its price during a particular period.
Supply
The overall quantity of a particular product or service accessible to buyers.
Demand Curve
A depiction in graphic form that illustrates the link between the cost of a merchandise and the volume of demand from buyers.
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