OCR Demand Note fast and easy

Simple guide on the way to OCR Demand Note

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How to OCR Demand Note

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Demand is the willingness and ability of consumers to purchase a product at a specific price and time. The demand curve illustrates this relationship, with quantity demanded on the x-axis and price on the y-axis, labeled "D" for demand. According to the law of demand, as price increases, demand typically decreases. Movements along the demand curve occur due to price changes, with downward movements indicating an extension and upward movements indicating a contraction. Shifts in the demand curve result from factors other than price. The next video will cover price elasticity.

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OCR Demand Note