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  • ECON 121 Seatwork-Assignment No. 4

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    6 views1 page

    ECON 121 Seatwork-Assignment No. 4

    Uploaded by

    Philip Edwin De Ello

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Name:

    ECON 121 Seatwork-Assignment No. 4


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    3. relationship between price and quantity demanded 1. could be raw materials or ingredients
    5. relationship between price and quantity supplied 2. Branch of Economics that Examines the
    6. quantity demanded is greater than the quantity Functioning of Individual Industries and the Behavior
    supplied of Individual Decision-making Uni
    7. potential change in price 4. the quantity demanded is less than the quantity
    8. new machines supplied
    9. the market clearing price (price when quantity
    demanded equals the quantity supplied)
    10. Government involvement

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