Question
____________a group of buyers and sellers of a good or service. The terms __________refer to the behavior of people as they interact with one another
____________a group of buyers and sellers of a good or service. The terms __________refer to the behavior of people as they interact with one another in markets.
Modern economics is about, supply and demand | ||
Economists assume that there is, price elasticity of demand and supply | ||
A market is, supply and demand | ||
A perfectly competitive market is, equilibrium price and quantity |
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Marketing
Authors: Roger Kerin, Steven Hartley, William Rudelius
16th Edition
1264218753, 978-1264218752
