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    Demand is the different quantities of goods that consumers are willing and able to buy at certain prices. A demand curve graphically represents a demand schedule. Normal goods are things consumers want to buy more of as their income increases, while inferior goods are things consumers want to buy less of. Substitute goods can satisfy the same wants, while complement goods are jointly demanded together, like coffee and coffee beans.

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    Demand is the different quantities of goods that consumers are willing and able to buy at certain prices. A demand curve graphically represents a demand schedule. Normal goods are things consumers want to buy more of as their income increases, while inferior goods are things consumers want to buy less of. Substitute goods can satisfy the same wants, while complement goods are jointly demanded together, like coffee and coffee beans.

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    10 views2 pages

    G10-Assignment 2

    Uploaded by

    IDK
    Demand is the different quantities of goods that consumers are willing and able to buy at certain prices. A demand curve graphically represents a demand schedule. Normal goods are things consumers want to buy more of as their income increases, while inferior goods are things consumers want to buy less of. Substitute goods can satisfy the same wants, while complement goods are jointly demanded together, like coffee and coffee beans.

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    G10-Foundation Economics-Assignment 2

    Name：Thomas
    1. Define Demand

    Demand is different quantities of goods that


    consumers are
    willing and able to buy at dintprice
    2. Draw a Demand curve

    A demand curve is a graphic representation


    of a demand schedule
    3. Define Normal goods

    A thing that if you


    have enough
    money and
    you very want
    4. Define Inferior goods
    to buy

    A thing 㘩 you don't want to


    buy
    5. Define Substitute goods

    These goods can


    satisfy 㘩 some want

    6. Define complement goods.

    These goods one in joint dmad


    7.

    population increase
    successful advertising
    Something with coffee beans canbe complement
    High expectation

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