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demand curve
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demand curve

The demand curve is gradual in the short term, but steep over time.
  a graph showing the relationship between the quantity demanded of a product or service and its price
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demand curve demand curves
Strongly Associated with:   supply curve
Generally, demand decreases as price increases, but some goods and services are more impacted by price than others.
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  • The demand curve is gradual in the short term, but steep over time.
  • The demand curve is steep, so doubling the tax should significantly reduce demand.
  • The 2003 Harvard University study about immigrant effects on wages is "The Labor Demand Curve Is Downward Sloping: Reexamining the Impact of Immigration on the Labor Market," by George J. Borjas, professor of economics and social policy at the John F. Kennedy School of Government.
    Sonia Nazario  --  Enrique’s Journey
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Associated words [difficulty]:   demand curve [9] , supply and demand [7] , supply and demand [7]
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Most commonly used in these subjects:   Business, Public Policy & Politics, Personal Finance
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