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EOB Revision 1

Author: Baey See Hion
Description:
Keywords: Supply curve, demand curve, business objectives, , , , online teaching

Content:
Crossword hints:
All other things remain no change., One of the determinants of demand., One of the determinants of demand., One of the factors that will affect demand is the size of country __ and demographics structure., An inferior good is one whose demand varies __ with money income,, An increase or decrease in quantity demanded due to the change of price is called __ along the demand curve., The ultimate goal of a business., This curve tells when the price of product increases, quantity demanded decreases, and vice versa., A business objective to society is to ensure a __ supply of goods to the people. , A way to motivate employee to work harder., If price is expected to rise, producers may temporary reduce the amount to sell. This will cause the supply curver to shift to the __., Those goods that are in joint demand is called __ goods., Economics is a study of how people and society choose to allocate scare resources which have alternative uses to provide for __ wants., The x-axis name of a demand curve is __. , This type of good will react directly when income increases, ceteris paribus, the demand for this good will increase if income increases., Two goods are said be in __ supply when the supply of one good leads to a simultaneous production of another good. , When the price of a good falls, it is cheaper than its rival products. People will thus switch from more expensive alternative to the cheaper alternative. This is called __ effect., When the price of a good falls, consumers will able to buy more of the goods than before. This is called __ effect., social science that involves the study of how people and society choose to allocate scare resources which have alternative uses to provide for unlimited wants., Under normal situation, when the price of goods increase supplier will increase the __ of this good.,

Crossword words:
DEMAND, POPULATION, CETERIS_PARIBUS, DESIRABILITY, LEFT, SMOOTH, QUANTITY, PROFIT, AFFORDABILITY, ECONOMICS, NORMAL, BONUS, INCOME, SUPPLY, SUBSTITUTION, COMPLEMENTARY, MOVEMENT, UNLIMITED, JOINT,
.