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