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SUPPLY & DEMAND - Coggle Diagram
SUPPLY & DEMAND
Demand
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The law of demand
Other things equal, the quantity demanded of a good falls when the price of the good rises
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Supply
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The law of supply
Other things equal, the quantity supplied of a good rises when the price of the good rises
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Competitive Market
A market in which there are many buyers and sellers so that each of whom has little or no impact on the market price.
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