The law of supply states that as the supply of a good or service goes up, the price comes down.
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Q21: Unlimited wants combined with limited supplies create_
Q22: The law of demand states that as
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Q25: Individuals or groups such as families who
Q27: Things wished for or desired are called
Q28: A market economy is also referred to
Q29: Things that are deemed necessary are called
Q30: Consumer sovereignty means consumers, rather than producers,
Q31: When supply and demand is equal, the_
Q106: Explain Maslow's hierarchy of needs.
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