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Match it! Select the correct answer from the pull down...Good luck!
If the price of a good increases, demand will
surplus
increases
decrease
complimentary goods
decreases
increase
shortage
increase
If the price of a good decreases, supply will
surplus
increases
decrease
complimentary goods
decreases
increase
shortage
increase
Which type of goods do consumer purchase to use with other products?
surplus
increases
decrease
complimentary goods
decreases
increase
shortage
increase
If a person's income were to increase, their demand for goods will
surplus
increases
decrease
complimentary goods
decreases
increase
shortage
increase
If the price of a good decreases, demand will
surplus
increases
decrease
complimentary goods
decreases
increase
shortage
increase
Which market situation occurs if the price of a good rises above the equilibrium price?
surplus
increases
decrease
complimentary goods
decreases
increase
shortage
increase
If the price of a good increases, supply will
surplus
increases
decrease
complimentary goods
decreases
increase
shortage
increase
Which market situation occurs if the price of a good falls below equilibrium price?
surplus
increases
decrease
complimentary goods
decreases
increase
shortage
increase
Check it!