In presenting the model of a demand curve,economists presume the most important variable in determining the quantity demanded is:

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When presenting the model of a demand curve, economists assume that the most important variable in determining the quantity demanded is the price of the product itself. This is known as the law of demand, which states that as the price of a good or service increases, the quantity demanded will decrease, ceteris paribus.

In Presenting the Model of a Demand Curve,economists Presume the Most