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SAMPLE EXAM - CHAPTER 1 1. What do economists mean when they state that a good is scarce? a. There is a shortage or insufficient supply of the good at the existing price.…

Documents Demand Change in QD or Change in D ©2012, TESCCC Economics Unit 4, Lesson 1.

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Documents III. Ecosystem Def. - the combination of biotic and abiotic components through which energy flows...

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Business Factors Affecting Demand

1. Factors Affecting Demand 2. The Law of Demand When the price of something goes up, the demand for it will go down When the price of something goes down, the demand for…

Business High School Economics, Final Review

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Documents Apple’s iPod Video ___7. Increase in the price of Apple’s iPod Video on the Microsoft’s Zune.....

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