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What is a competition balance? Explanation of how market prices are determined

The competition balance is a condition in which demand and supply amount are matched.

What is the demand curve? Explanation of the relationship between the price and the quantity you want to buy

Demand Curves are graphs that represent the relationship between price and demand.

What is the effective demand? The reason why you want to be in demand

Effective demand is a demand for both buyers and buyers.

Microeconomics Basics of economics to learn individual and corporate behavior

Microeconomics is an economics that analyzes how individuals and companies act.