Demand

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IntroductionIn a free market economy, the price of a good or service is determined by the interaction of demand (buyers) and supply (sellers).

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Topic: Concept of Demand Lesson Objectives By the end of this lesson, students should be able to: Define demand and explain what it means in economics.

Lesson Objectives By the end of this lesson, students should be able to: Define and explain the concepts of demand and supply.