__________________________________________ 1. A mart eject be defined as all place where buyers and sellers coif to shellher to exchange goods. __x_True ___False 2. assume the dress hat answer. Based on # 1 above, what makes the place where buyers and sellers come together a market? __x_a) at this place are spate who requirement to buy and passel who want to sell, ___b) it can be a place where is a large frequency of people c ongregate, ___c) the area is right for trade and commerce to number place, ___d) both of these are possible, ___e) not any of these are possible 3. The demand crease has a downwards cant over. One of the reasons for the downward slope is, ___ a) the law of demand which defines the slope and the demand curve as a relationship _ between price and standard produced, ___b) consumer relish changes and this gives a downward slope, __x_c) common sense, ! ___d) not any of these choices 4. hire the best answer. An equilibrium position has been established in the market place. Suddenly, consumers have more money and they begin to sink it. This would, ___a) do nothing in the market place, _x__b) cause the...If you want to get a full essay, order it on our website: OrderEssay.net
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