Business, 09.10.2019 06:30 lily24113

[20 points]
match each term with the correct statement below.

1. a graphic representation of the quantities of a good that will be bought at each price
2. the assumption that nothing but the price of a good will change
3. a measure of how consumers react to a change in the price of a good
4. a good for which the demand falls when income rises
5. demand that is very sensitive to a change in price
6. a good consumed instead of one whose price has risen

a. elasticity of demand
b. demand curve
c. elastic
d. inferior good
e. substitute
f. ceteris paribus

Answers: 1

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[20 points]
match each term with the correct statement below.

1. a graphic represe...

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