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Demand (LC)

Key words and concepts for LC

TermDefinition
Demand The demand for a good or service is the quantity of that good or service that consumers are willing and able to buy over a particular period of time.
Individual demand schedule is a list or table showing the different quantities of a good (or service) an individual consumer is prepared to buy at each time
Market demand schedule a list or table showing the different quantities of a good (or service) that all consumers in the market are prepared to buy at each price
Created by: Miss Finnerty
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