Examlex
Baby Maya and her mother are totally in tune with one another. They know when to come on strong and when to back off. This sense of connection is called _____.
Law of Demand
The principle that, all else being equal, as the price of a good or service decreases, the quantity demanded increases, and vice versa.
LCD Televisions
A type of television that utilizes Liquid Crystal Display technology to project images, known for their slim profiles and energy efficiency.
Decreasing-cost Industry
An industry where average costs of production decrease as the industry grows, often due to economies of scale.
Demand Curve
An economic representation that illustrates the quantity of a good that consumers are willing and able to buy at various prices, typically downward sloping from left to right.
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