Question

From the list on your right select the letter that contains the word phrase, name, etc that best matches the word, phrase, name, ele listed on the A The Law of Supply B. Equilibrium C. An example of price floor The total amount of goods and services consumers are willing and able to purchase at a given price. D. Substitutes Other things remaining the same ar ather things being equal E. Demand Positive or direct relationship between price and quantity Supply curve shifts to the left supplied, ceteris paribus G. Quantity supplied Where buyers' and sellers' plans are in balance or in agreement H. The Law of Demand Arise in income brings a decrease in demand 1. Normal good An increase in the price of X leads to a decline in demand for Y J Producer surplus Price ceiling set below equilibrium K Complements The area below the demand curve and above the market price - Minimum wage L Ceteris paribus M. Quantity demanded N. Shartage - Natural disaster Inferior good

Answer 1

iner solution: ① Quantity Demande the total amount of goods and services consumors are willing and able to purchase at a given price. . Sebstitution other things remaining the same on being equal osmal good Positive au disect scelationship between ferice and quantity supplied, certeris paribus Lequilibrium I where buyer's and sellers plans are in bol or in aqreement. ③. Normal good! Inferiore good a rise in income barengs á decrease in demand. 6 Complements / An increase in the price of a leads to a decorease in Jemand for Y. Producer sulfelis. Porice celling sed below equilikonicen. © the demand cause ③. Consumer surplus/ the area below and above the market price. Quantity supplied I minimum wage. 16. / Supply curse shifts to the deft) Natural disaster.