April 19, 2014

Homework Help: Economics

Posted by Taylor on Thursday, May 14, 2009 at 9:03pm.

Could you please check these thanks.

Directions match each item with the correct statement. Not all terms are USED.

Here are the words to fill in the blanks.

business planning
demand curve
elastic demand
expensive goods
marginal utility
market demand

1. total demand for a product or service by all consumers
Answer: Market Demand

2. extra benefits gained from purchasing a good or service
Answer: Marginal Utility

3. people's thoughts about the future
Answer: expectations

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