Relier Pairs Economic SystemVersion en ligne Key Terms and Consepts par Beth Whittle 1 Opportunity Cost 2 Scarcity 3 Law of Supply 4 Economics 5 Market Economy and Command Economy 6 Law of Demand 7 Supply and Demand 8 Demand 9 Demand falls amount of a good that consumers plan to purchase at a particular price as the price of a cheeseburger rises, the quantity of cheeseburgers demanded will decrease. This fact illustrates... when the price for a good or service is too high two basic types of economic systems Explains how people satisfy their needs and wants by making choices shortage of resources giving up the chance to use a resource for one thing instead of another A fall in the price of a good causes producers to reduce the quantity of the good they are willing to produce. This fact illustrates... determines the price of a product or service
Créer jeu