Exam (elaborations)
ECONOMICS 2302 Topic 2 - Demand Topic 2: Principle of Economics 1
- Institution
- San Jacinto College
Topic 2: Principle of Economics 1 1. An intangible product or action that consumers, firms, or governments wish to purchase is a: Service 2. The demand curve for a normal good is downward sloping because: As prices rise, the purchasing power of each dollar earned falls, and consumers ...
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