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
complements
elastic demand
expensive goods
demand
marginal utility
expectations
market demand
supply
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
I agree on all three
To check the answers, we need to match each word with the correct statement. Here's how we can do it:
1. Total demand for a product or service by all consumers: Market demand. This is the aggregate demand for a product or service from all consumers in the market. The answer provided, "Market Demand," matches this description.
2. Extra benefits gained from purchasing a good or service: Marginal utility. Marginal utility refers to the additional satisfaction or benefit obtained from consuming one more unit of a good or service. The answer provided, "Marginal Utility," matches this description.
3. People's thoughts about the future: Expectations. Expectations refer to what individuals believe will happen in the future, and these beliefs influence their behavior, including their purchasing decisions. The answer provided, "Expectations," matches this description.
Based on the explanations and the words provided, the answers provided appear to be correct.