http://bartleylawoffice.com/interesting/what-is-the-law-of-demand-quizlet.html SpletEconomists use the term demand to refer to the amount of some good or service consumers are willing and able to purchase at each price. Demand is based on needs and wants—a consumer may be able to differentiate between a need and a want, but from an economist’s perspective, they are the same thing. Demand is also based on ability to pay.

Demand Flashcards Quizlet

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Law of Demand Flashcards Quizlet

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