20
2 points
Match each of the following:
As price of a good rises, quantity demanded falls and as price falls,
quantity demanded rises, ceteris paribus.
The willingness and ability of sellers to produce and/or offer to sell
different quantities of goods at different prices.
The willingness and ability of consumers to buy a specific quantity of
goods at a specific price.
As price of a good rises, quantity supplied rises, and as price falls,
quantity supplied falls, ceteris paribus.
The willingness and ability of sellers or producers to sell a specific
quantity of goods at a specific price.
The willingness and ability of consumers to buy different quantities
of goods at different prices.
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