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Match the words with definitions

  • From Economics, General Economics
  • Due on 08 Sep, 2019 02:41:00
  • Asked On 06 Sep, 2019 06:45:09
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Match the words with definitions

The quantity supplied is greater than the quantity demanded

Direct relationship between price and quantity produced

Increase in price of one will cause increased demand for the other

Inverse relationship between price and quantity purchased

Products usually used together

Hot dogs, Spam, or Raman noodles

This is intended to keep landlords from charging unreasonably high rents

Consumers buy more when incomes increase.

The quantity demanded is greater than the quantity supplied

prices are not allowed to fall below a certain level

 

Complementary good

Shortage

Price Ceiling

Normal Good

Law of Supply

Inferior Good

Law of Demand

Surplus

Substitute good

Price Floor

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[Solved] Match the words with definitions

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  • Submitted On 06 Sep, 2019 07:00:08
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[Solved] Match the words with definitions

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  • Submitted On 06 Sep, 2019 07:04:03
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