Terms

13 new/unreviewed 13 total

Term

Specialization

Definition

An individual or business focuses on producing one product and trades for other products they want

New/Unreviewed

Term

What are the 5 demand shifters?

Definition

1. Preferences...

New/Unreviewed

Term

Elasticity

Definition

Relates the percent change in one variable to the percent change in another variable

New/Unreviewed

Practice Tests

0 total
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