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Demand and Supply

Economics
Horizontales
The quantity of a good or service that consumers are both willing and able to buy at various prices.
A measure of the degree to which the quantity demanded or supplied of a good or service changes in response to a change in price.
A product that is used or consumed jointly with another product. Such a good usually has more value when paired with its complement than when used separately.
Law of Supply: An economic law stating that as the price of a good or service increases, the quantity supplied __________, and vice versa. Generally, producers are happier to offer goods and services at higher prices than at lower prices.
Verticales
_________ good: A product that satisfies the same basic want as another product. Substitute goods may be used in place of one another.
Law of Demand: An economic law stating that as the price of a good or service increases, the quantity demanded __________ , and vice versa. Generally, consumers are happier to buy goods and services at lower prices than at higher prices.
The amount of money a firm receives in the course of doing business. Revenue is calculated by multiplying the quantity sold by the price.
The quantity of a good or service that producers are willing and able to offer for sale at various prices.