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Economics

1/20/23 Weekend Homework

Read Chapter 3 pages 44 - 56 and complete the 2 section reviews.

Define the following terms:

  1. demand

  2. principle of diminishing marginal utility

  3. law of demand

  4. increase in demand

  5. decrease in demand

  6. normal goods

  7. inferior goods

  8. substitute goods

  9. complementary goods



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