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2014-12-23T19:14:44+08:00

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The demand curve is important because it is used by economists to estimate the behaviors in competitive markets, and are often combined with supply curves to estimate the equilibrium price or the price at which sellers together are willing to sell the same amount as buyers together are willing to buy, also known as market clearing price, and the equilibrium quantity or the amount of that good or service that will be produced and bought without surplus/excess supply or shortage/excess demand of that market.
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