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Econ Chapter 4: section 1-2 Quiz
Created by jrogers
Question or Hint
Answer or Word
- demand is the willingness to buy good or service and the ability to pay for it
- normal goods goods that consumers demand more of when thier income rise
- complements goods that are used together, so a rise in demand for the other
- sustitute goods and services that can be used in place of each other
- inferior goods goods that consumers demand less of when their income rise
