EOBunit1Match each term with its correct definition.
supply curve upward sloping because of, A supply surve shows ceteris paribus, , Basic determinants of demand are, Law of demand states that ceteris paribus,, shape of demand curve downward sloping because of, Factos affecting demand can be income, taste %26 preference,, Theory of supply due to scarcity %26 limited resources, suppliers, Objectives of business are to responsible to, Economic is a social science to study, Prices of relaled goods affecting demand are, Prices of relaled goods affecting supply are, factors affecting supply are prices of factors of production, , Law of supply states that ceteris paribus, , if there is mad cow disease.The supply of beef decrease., Busness refers to all activities that arerelated to the, A demand curve shows ceteris paribus, the, Consumers expect the price of good to decrease soon., Assuming a rise of price of beef, supply of beef increased., As population increase, demand will increase., Theory of demand refers to different qty that ceteris paribus,
make choices to maximise profit with their limited resources., Desirability and affordability., consumers will %26 able to buy at various price in a period of time., The demand curve will shift to the left. educational activities , production increased, cost to make also increased., substitution effect %26 income effect., The supply curve of hike will shift to the right., The supply curve of hike will shift to the left., the higher price of good, the greater the quantity supplied., price of related goods and consumers%27 expectations., the relationship between the qty supplied of a good %26 its price., produce %26 distribute of goods %26 services to make profit. educational games , competitive supply and joint supply., The demand curve will shift to the right. create online quizzes , owner, employees and society., people allocate scarce resourses for unlimited wants. distance learning , The higher the price of a good, the lower the demand of it., relationship between the qty demanded and its price., Technology, prices of related goods, weather, num of sellers., Substitutes and complements. ,