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Economics
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Demand
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Topic 1 Lesson 6

Semester 1

QuestionAnswer
Economics Study of how people meet their wants and needs
Demand desire for a particular good or service
Supply Amount of a good or service that is available for use
Producer Person or business that makes goods or services
Consumer Person or business that buys or consumes, goods or services
Opportunity Cost Cost of what you have to give up when making a choice
Created by: Amreader09
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