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4 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Demand |
Is the willingness of an individual to purchase a product and the purchasing power |
Willingness and purchase power |
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Ppc |
Is a graphical representation between 2 possible products |
2 products |
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Assumption of ppc |
It is a simple economy Technology used is constant 2 goods are produced |
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Law of demand |
It says there is an negative relationship between price and quanitity |
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