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Things that motivate or incite people to purchase the goods and services.
Price
Incentive
Scarcity
Supply
consumption
Social
Demand
Opportunity Cost
This is the amount of money exchanged for a good or service.
Price
Incentive
Scarcity
Supply
consumption
Social
Demand
Opportunity Cost
Is the amount of a good or service that consumers are willing and able to buy at a certain price.
Price
Incentive
Scarcity
Supply
consumption
Social
Demand
Opportunity Cost
Is the using of goods and services.
Price
Incentive
Scarcity
Supply
consumption
Social
Demand
Opportunity Cost
Which of the following is NOT a resource that is used in the production of goods and services?
Price
Incentive
Scarcity
Supply
consumption
Social
Demand
Opportunity Cost
This is the amount of a good or serivice that consumers are willing and able to sell at a certain price.
Price
Incentive
Scarcity
Supply
consumption
Social
Demand
Opportunity Cost
Is the inability to satisfy all wants at the same time.
Price
Incentive
Scarcity
Supply
consumption
Social
Demand
Opportunity Cost
This is given up when a choice is made.
Price
Incentive
Scarcity
Supply
consumption
Social
Demand
Opportunity Cost
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