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Kristine is motivated to learn to cook some new recipes because she really wants to master the art of playing with flavours and tastes.Desmond wants to learn some new recipes so that he can cook a good meal and impress his girlfriend.In this example,Kristine is _____________ motivated and Desmond is _____________ motivated.
Supply Curve
The supply curve is a graphical representation of the relationship between the price of a good or service and the quantity supplied by producers, typically sloping upwards indicating a higher quantity supplied at higher prices.
Demand Curve
A graphical representation showing the relationship between the quantity demanded of a good and its price.
Equilibrium Price
The cost at which consumer demand for a product matches the amount producers are willing to supply, resulting in a stable market.
Supply Curve
A graph showing the relationship between the price of a good and the quantity supplied, with price on the vertical axis and quantity on the horizontal axis.
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