If a new flu vaccine is approved, what will happen to the
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The demand curve is the graphical representation of the relationship between the quantity demanded and the price. It represents the quantity demanded by consumers at different price levels.
The supply curve is the graphical representation of the relationship between the quantity supplied and the price. It represents the quantity supplied by producers at different price levels.
The market for a commodity is in equilibrium when its quantity demanded is equal to its quantity supplied, i.e., there is no excess demand or excess supply. This quantity is the equilibrium quantity and the price corresponding to this quantity is the equilibrium price.
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