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Copy of Supply, Demand, And Equilibrium

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PRESENTATION OUTLINE

1.

DEMAND

  • quantity of a good or service that buyers are willing and able to buy at all possible prices during a certain time period.
2.

LAW OF DEMAND

  • Law of demand
  • The price of a good or service falls, the quantity demanded of that good or service rises. Vice versa.
3.

EXAMPLE OF LAW OF DEMAND

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Brett Scifert