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An increase in the price of peanut butter causes a decrease in the demand for jelly. These two products are:
circular flow
an increase in demand
sell them to households
the resource (factor) market
determinants of demand
decrease
compliments
demand
In circular flow, businesses produce goods and services... and:
circular flow
an increase in demand
sell them to households
the resource (factor) market
determinants of demand
decrease
compliments
demand
The quantity of a good or service that a consumer is willing and able to buy at each price... is called:
circular flow
an increase in demand
sell them to households
the resource (factor) market
determinants of demand
decrease
compliments
demand
According to circular flow, receiving a paycheck after performing work would be a part of:
circular flow
an increase in demand
sell them to households
the resource (factor) market
determinants of demand
decrease
compliments
demand
Substitutes, complements, and consumer expectations are examples of:
circular flow
an increase in demand
sell them to households
the resource (factor) market
determinants of demand
decrease
compliments
demand
According to the law of demand, as the price of a good rises... the quantity that consumers are willing able to pay will...
circular flow
an increase in demand
sell them to households
the resource (factor) market
determinants of demand
decrease
compliments
demand
On a graph, a shift to the right in the demand curve indicates:
circular flow
an increase in demand
sell them to households
the resource (factor) market
determinants of demand
decrease
compliments
demand
The model used to show the relationship between households and businesses... is called:
circular flow
an increase in demand
sell them to households
the resource (factor) market
determinants of demand
decrease
compliments
demand
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