abeka economics reading quiz D
Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!
What is a list of numbers that compares price with quantity demanded?
demand schedule
True/False: When the price of a good decreases, the quantity demanded decreases
false
Which concept states that when the price of a good falls, consumers tend to buy more of that good or other items because they can do so without giving up anything?
income effect
What type of good is capable of being used in place of another?
substitute good
True/False: A good whose demand is directly related to consumer's incomes is called a normal good
true
