DEMAND

law of demand

rule stating that consumers will buy more of a product at lower prices and less at higher price

demand schedule

a table that lists how much of a product consumers will buy at all possible prices

quantity demanded

amount of goods or services that are demanded at any given point in time

demand curve

a curve that shows the quantities demanded at all possible prices

utility

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market demand curve

a curve that shows how much of product all consumers will buy at all possible prices

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