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☆☆☆☆☆A trade-off is an alternative that we sacrifice when we make a decision.
Either the price drops until the consumers are prepared to buy more, or supplier are left holding surplus stocks until replacement purchases clear these inventories.
No manufactured good is truly non-perishable, and so will eventually require replacement.
BUTT
They are called factor payments.
immediate demand for a good will go up if it's price is expected to rise.
this is how population changes affect demand for certain goods.
agreement on the price and quantity traded
Safety Net!
saws and drills
Customs and traditions.
A unitary-elastic supply indicates a good with a supply-price elasticity of one, which means that a 1% change in price increases supply by 1%.
A person wants an endless supply of everything but cannot have it.
hard work and patience
Federeal Deposit Insurance Corporation (FDIC)
whether to spend your two-week vacation on the shore or in town
Objects that have value in themselves and are also used as money are referred to as commodity money.
The money multiplier formula is the amount of new money that will be created with each demand deposit, calculated as 1 ÷ RRR.
