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Intro to Microeconomics Exam 1-Questions and Answers Graded A+
Intro to Microeconomics Exam 1-Questions and Answers Graded A+
[Show more]Intro to Microeconomics Exam 1-Questions and Answers Graded A+
[Show more]Intro to Microeconomics Exam 1-Questions and Answers Graded A+ 
 
Microeconomics - ANSWER-Individual, Businesses and the role of Government in decision making 
 
Opportunity Cost - ANSWER-the most desirable alternative given up as the result of a decision; moving along PPF line 
- Increase opportuni...
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Add to cartIntro to Microeconomics Exam 1-Questions and Answers Graded A+ 
 
Microeconomics - ANSWER-Individual, Businesses and the role of Government in decision making 
 
Opportunity Cost - ANSWER-the most desirable alternative given up as the result of a decision; moving along PPF line 
- Increase opportuni...
MICROECONOMICS exam 1-Questions and Answers Graded A+ 
 
in order to have DEMAND consumers need to have the.. - ANSWER-ABILITY to buy 
WILLINGNESS to buy 
 
law of demand - ANSWER-Cereris Paribus (other things remain the same), as price goes DOWN, MORE quantities are demanded 
 
6 Determinants of DE...
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Add to cartMICROECONOMICS exam 1-Questions and Answers Graded A+ 
 
in order to have DEMAND consumers need to have the.. - ANSWER-ABILITY to buy 
WILLINGNESS to buy 
 
law of demand - ANSWER-Cereris Paribus (other things remain the same), as price goes DOWN, MORE quantities are demanded 
 
6 Determinants of DE...
Microeconomics Definitions –Questions and Answers Graded A+ 
Microeconomics - ANSWER-The study of the behaviour (supply and demand) of individual markets 
 
Scarcity - ANSWER-A situation in which unlimited wants exceed the limited resources available to fulfill those wants 
 
Factors of production...
Preview 4 out of 154 pages
Add to cartMicroeconomics Definitions –Questions and Answers Graded A+ 
Microeconomics - ANSWER-The study of the behaviour (supply and demand) of individual markets 
 
Scarcity - ANSWER-A situation in which unlimited wants exceed the limited resources available to fulfill those wants 
 
Factors of production...
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