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- Define demand (not the Law of
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Card 63 / 100: Define demand (not the Law of Demand).
Answer:
The relationship between hypothetical prices and the quantity of a good or service that consumers want to buy at each price. Sample Partial Credit Answer How much consumers want to buy.
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Dr.Robert MurphyAssociated Scholar
Mises Institute
USA
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Attribution:
Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
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