condition that exists in a market when the plans of buyers do not match those of sellers; a temporary mismatch between quantity supplied and quantity demanded as the market seeks equilibrium.
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particular commodities
Prices communicate to existing and future suppliers about the benefits of manufacturing ________.
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commercial pressures
Change is not compelled by ________.
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typical good
Because pizza is a(n) ________, its demand curve moves to the right as money income rises.
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Consumers
________ have a variety of methods for attempting to satisfy any given need.
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Consumers
________ have a variety of methods for attempting to satisfy any given need.
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Substitution effect
When the price of a good falls, that good becomes cheaper compared to other goods so consumers tend to substitute that good for other goods
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