Examlex
What is the term for a substance undergoing a chemical change?
Demand Decreases
A situation where the desire or need for a product or service declines, often leading to lower prices and adjustments in supply.
Supply Increases
Occurs when the quantity of a good or service that a market can offer rises.
Law of Demand
The law of demand states that, all else being equal, as the price of a good or service increases, consumer demand for the good or service will decrease, and vice versa.
Quantity Demanded
The complete volume of a particular good or service that purchasers are both eager and financially able to acquire at a certain price within a market.
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