ECON - Unit 3A

Match it! Select the correct answer from the pull down...Good luck!

Since the price of butter is increasing, the demand for margarine is increasing. Butter and margarine are examples of:

The quantity of a good or service that a consumer is willing and able to buy at each price... is called:

The model used to show the relationship between households and businesses... is called:

According to circular flow, receiving a paycheck after performing work would be a part of:

In circular flow, households own the resources and:

In circular flow, businesses produce goods and services... and:

According to the law of demand, as the price of a good rises... the quantity that consumers are willing able to pay will...

An increase in the price of peanut butter causes a decrease in the demand for jelly. These two products are: