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Supply and Demand AP Macroeconomics Exam Questions and Answers 100% correct
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Supply and Demand AP Macroeconomics Exam Questions and Answers
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Supply and Demand: APMacroeconomics Exam Questions and
Answers
competitive iimarket ii- iiAnswers ii-a iimarket iiin iiwhich iithere iiare iimany iibuyers iiand
iisellers iiof iithe iisame iigood iior iiservice, iinone iiof iiwhom iican iiinfluence iithe iiprice iiat
iiwhich iithe iigood iior iiservice iiis iisold.
supply iiand iidemand iimodel ii- iiAnswers ii-a iimodel iiof iihow iia iicompetitive iimarket iiworks
demand iischedule ii- iiAnswers ii-the iiactual iiamount iiof iia iigood iior iiservice iiconsumers
iiare iiwilling iiand iiable iito iibuy iiat iispecific iiprice.
quantity iidemanded ii- iiAnswers ii-the iiactual iiamount iiof iia iigood iior iiservice iiconsumers
iiare iiwilling iiand iiable iito iibuy iiat iisome iispecific iiprice.
demand iicurve ii- iiAnswers ii-graphical iirepresentation iiof iithe iidemand iischedule. iiIt
iishows iithe iirelationship iibetween iiquantity iidemanded iiand iiprice.
law iiof iidemand ii- iiAnswers ii-the iihigher iiprice iifor iia iigood iior iiservice, iiall iiother iithings
iibeing iiequal, iileads iipeople iito iidemand iismaller iiquantity iiof iithat iigood iior iiservice.
change iiin iidemand ii- iiAnswers ii-a iishift iiof iithe iidemand iicurve, iiwhich iichanges iithe
iiquantity iidemanded iiat iiany iigiven iiprice.
movement iialong iithe iidemand iicurve ii- iiAnswers ii-change iiin iithe iiquantity iidemanded
iiof iia iigood iithat iiis iithe iiresult iiof iia iichange iiin iithat iigood's iiprice.
substitues ii- iiAnswers ii-if iia iirise iiin iithe iiprice iiof iione iiof iithe iigoods iilead iigo iian
iiincrease iiin iithe iidemand iifor iithe iiother iigood.
complements ii- iiAnswers ii-if iia iirise iiin iithe iiprice iiof iione iigoods iileads iito iia iidecrease
iiin iithe iidemand iifor iithe iiother iigood.
normal iigood ii- iiAnswers ii-when iis iirise iiin iiincome iiincreases iithe iidemand iifor iia iigood,
iiit's iia ii_____
inferior iigood ii- iiAnswers ii-when iithe iirise iiin iiincome iidecreases, iiit's iia ii_____
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