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DEMAND
Quantity Demand – is the amount of the product
that buyers are willing to pay at a given price
Law of Demand – the higher (lower) the price of a
product, the lower (higher) is its Qd. Price and Qd
has an indirect or negative relationship. D curve is
downward sloping.
Demand Schedule – a table showing the Qd
(quantities of goods a person is willing to buy) at
various alternative P (prices) at a given time.
EUSTAQUIO, A.