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Human beings generally have an aversion to bitter and sour foods. Some researchers suggest that this is because foods that are inedible or even poisonous are often bitter or sour. The tendency of human beings to find these potentially harmful foods repulsive is an example of __________.
Equilibrium Price
The price point in the market where the amount of products offered meets the amount of products wanted.
Demand
The level of demand for a good or service that purchasers have the desire and financial ability to acquire at varying prices over a designated period.
Supply Curve
A graph that shows the relationship between the price of a good and the quantity of the good that producers are willing to sell at various prices.
Demand Curve
A visual diagram illustrating the connection between a product's price and the amount consumers are willing to purchase.
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