Examlex
_____________ are the characteristics of a product that qualify it to be considered for purchase by a customer.
Downward-Sloping
Characteristic of a graph or curve that shows a decrease in one variable as another variable increases, commonly seen in demand curves.
Marginal Revenue
The extra revenue earned by selling an additional unit of a product or service.
Demand Curve
A graphical representation showing the relationship between the price of a good and the amount of it that consumers are willing and able to purchase at each possible price.
Marginal Revenue
The increase in total revenue that results from selling one additional unit of a product or service.
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