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| (164) | Another factor crucial for estimating passing-on effects is the nature of demand that the direct purchasers face on the market where they are active. In economics, the relationship between demand and the price level is an important factor when describing how markets function. In any market, demand is referred to as the quantity of the good or service in question that purchasers on this market would buy at a given price level.

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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.