Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Each matching word can be used only once. Each matching statement carries 1 mark. The law of demand states that when price rises, quantity A.
Each matching word can be used only once. Each matching statement carries 1 mark. The law of demand states that when price rises, quantity A. Right demand B. shift Human wants are: C. Substitute v Tea and coffee are goods. D. Rises Car and petrol are goods. E. normal When there is a change in demand it is called _in demand F. Movement curve. G. Inferior When there is a change in quantity demand it is called a along the demand curve. H. complementary When consumers income increase the demand for goods . Falls rise. J. unlimited When consumers income falls the demand for _goods rise. Ipad and galaxy tab are substitute goods. When price of ipad rises the demand for galaxy tab If house prices are expected to rise in future, the demand for houses today rises and the demand curve for houses shifts
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started