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5 Written questions

5 Matching questions

  1. ----is the money a business receives for its products
  2. a----is a table showing quantities supplied at different possible prices
  3. what is the term for a government payment to an individual business or other group for certain actions
  4. which term refers to the various quantities of a good or service that producers are willing to sell at all possible market prices
  5. some products are ----, meaning that they are used together
  1. a profit
  2. b subsity
  3. c compliments
  4. d schedule
  5. e supply

5 Multiple choice questions

  1. diminishing marginal
  2. demand schedule
  3. market demand
  4. govt. regulation
  5. productivity

5 True/False questions

  1. a----is a government minimum price that can be charged for goods and servicesprice floor


  2. in a product has----demand, price changes have little effect on the quantity demandedelastic


  3. what is the term for the principle that suppliers will normally offer more for sale at higher prices and less at lower priceslaw of supply


  4. demand for a good in a particular market area is related to the number of---- in the areaequilibrium price


  5. competing products are called---- because consumers can use one i place of the othercompliments


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