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Match it! Select the correct answer from the pull down...Good luck!
The items that are used in making goods and services are called -
Price
the demand is high and the supply is low
incentive
decrease the price
resources
True
that there isn't enough
scarcity
The inability to satisfy all the wants at the same time is known as -
Price
the demand is high and the supply is low
incentive
decrease the price
resources
True
that there isn't enough
scarcity
The price of a product will increase if -
Price
the demand is high and the supply is low
incentive
decrease the price
resources
True
that there isn't enough
scarcity
True/False: To determine the price on a supply and demand graph, all you have to do is see where the supply and demand lines meet.
Price
the demand is high and the supply is low
incentive
decrease the price
resources
True
that there isn't enough
scarcity
If you want to get rid of a product and prevent a total loss, you should -
Price
the demand is high and the supply is low
incentive
decrease the price
resources
True
that there isn't enough
scarcity
The BASIC economic problem facing everyone is -
Price
the demand is high and the supply is low
incentive
decrease the price
resources
True
that there isn't enough
scarcity
What determines who will acquire a good or service?
Price
the demand is high and the supply is low
incentive
decrease the price
resources
True
that there isn't enough
scarcity
Buy One, Get 50% Off is an example of an -
Price
the demand is high and the supply is low
incentive
decrease the price
resources
True
that there isn't enough
scarcity
Check it!