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Demand

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Demand:

-          What you want

-          Ability to buy it because have purchasing power (money)

-          A willingness to pay the amount of money for it

 

Law of Demand: Other things remaining the same, demand varies inversely with price (when price increases, demand will fall and vice versa)

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Total views: 1100
Word Count: 300
Date: Sun, 21 May 2006 Time: 12:00 AM
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