1. What is a Demand curve? What is a Supply curve? And what is the difference of the two?
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1. What is a Demand curve? What is a Supply curve? And what is the difference of the two?
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Answer:
A demand curve shows the relationship between quantity demanded and price in a given market on a graph. The law of demand states that a higher price typically leads to a lower quantity demanded. A supply schedule is a table that shows the quantity supplied at different prices in the market.
Explanation:
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