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Supply and Demand

Marjorie Gonzalez

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1.A table that lists the quantity of a good a person will buy at various prices in a market.
3.A latin phrase that means "all the other things held constant".
5.When comsumers react to an increase in a good's price by consuming less of that good and more of a substitute good.
13.A measure of how consumers respond to price changes.
14.The desire to own something and the aility to pay for it.
2.A table that lists the quantity of a good all consumers in a market will buy at various prices.
4.A good that comsumers demand less of when their income increases,
6.Goods that are used in place of one another.
7.Two goods that are bought and used together.
8.The change in consumption that results when a price increase causes real income to decline.
9.The statistical characteristics of populations and population segments, especially when used to identify consumer markets.
10.Consumers will buy more of a good when its price is lower and less when its price is higher.
11.A graphic representation of a demand schedule.
12.A good that consumers demand more of whem their incomes increases.

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