Each matching word can be used only once. Each matching statement carries 1 mark. ✓ The law of demand states that when p
Posted: Sun Jun 05, 2022 11:37 am
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
Each matching word can be used only once. Each matching