Conclusion for demand analysis
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When this relationship is graphed, the result is a demand curve. A change in price results in movement along the demand curve from one point to another and is called a change in the quantity demanded. When other factors in the market change, the demand curve shifts to the left or the right. This is a change in demand....
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When this relationship is graphed, the result is a demand curve. A change in price results in movement along the demand curve from one point to another and is called a change in the quantity demanded. When other factors in the market change, the demand curve shifts to the left or the right. This is a change in demand.
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