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Demand

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Term
Definition
demand   show
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incentive   show
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show the extra usefulness or additional satisfaction a person gets from acquiring one more unit of a product  
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show the change in quantity demanded caused by a change in a consumer's pay and the price of a product  
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substitution effect   show
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substitutes   show
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show products that increase the use of other products; the increase in the price of a product reduces demand for its complement  
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show the measure of responsiveness that tells how a dependent variable like quantity demanded responds to changes in independent variables like price  
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ineleastic   show
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