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Match the terms on the left with the explanations on the right. Market Demand curve Temporary movement along a demand curve in response to a
Match the terms on the left with the explanations on the right. Market Demand curve Temporary movement along a demand curve in response to a "sale price" Normal Goods Choose... Demand curve Inferior Goods Supply curve Temporary movement along a demand curve in response to a "sale price" A graphed series of prices and quantities of a selected good results in a Opportunity costs downward sloping A corporate manager A fall in income will lead to decreased consumption of this type of "good". A graphed series of prices and quantities of a selected good results in a UPWARD Complete "shift" of the demand curve to left or right sloping Vertical summation of the individual demand curves Horizontal summation of the individual demand curves Change in Quantity Demanded Land, Labour, Capital and Enterprise A factory Some describe this role as one that is a risk taker None of the available choices The shareholder One example of a Capital good Shifts the PP curve to the right Goods for which a rise in income will lead to decreased consumption Specialization Key advantages of trade Forces choice Factors of production Choices cost Long term description of movement "along" a demand curve in response to a "sale price" Technological improvement Choose.. Scarcity Choose. Change in Demand Choose... When interpreting the NEXT best alternatives we use the term Choose Please answer all parts of the question. Match the following terms ? Producing more is the producer/processor reaction to this policy Price Floor
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