Each matching word can be used only once. Each matching statement carries 1 mark. ✓ The law of demand states that when p

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Each Matching Word Can Be Used Only Once Each Matching Statement Carries 1 Mark The Law Of Demand States That When P 1 (81.66 KiB) Viewed 41 times

Each matching word can be used only once. Each matching statement carries 1 mark. ✓ The law of demand states that when price rises, quantity demand ✓ Human wants are: ✓ Tea and coffee are goods. ✓ Car and petrol are goods. ✓ When there is a change in demand it is called in demand curve. ✓ When there is a change in quantity demand it is called a along the demand curve. ✓ When consumers income increase the demand for rise. ✓ When consumers income falls the demand for - goods rise. ✓ Ipad and galaxy tab are substitute goods. When price of ipad rises the demand for galaxy tab ✓ If house prices are expected to rise in future, the demand for houses today rises and the demanc curve for houses shifts 1 1 A. Right B. shift C. Substitute D. Rises E. normal F. Movement G. Inferior H. complementary J. unlimited goods 1. Falls