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chapter 21

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Term
Definition
show to lay formal legal claim to  
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demand schedule   show
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show downward sloping line the graphically shows the quantities demanded at each possible price  
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show the concept that people are normally willing to buy less of a product if the price is high and more of it if the price is low  
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show the total demand of all consumers for a product or service  
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utility   show
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show the extra utility or satisfaction derived by a consumer from the consumption of the last unit of a commodity  
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substitute   show
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complement   show
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demand elasticity   show
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show to furnish or provide  
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show the principle that suppliers will normally offer more for sale at higher prices and less at lower prices  
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show table showing quantities supplied at different possible prices  
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show upward sloping line that graphically shows the quantities at each possible price  
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show the monetary surplus left to a producer or employer after deducting wages, rent, cost of raw materials  
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show the total of all the supply schedules of all the businesses that provide the same good or service  
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productivity   show
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technology   show
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show a direct pecuniary aid furnished by a government to a private industrial undertaking, a charity organization, or the like  
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show responsiveness of quantity supplied to a change in price  
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surplus   show
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show a deficiency in quantity  
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equilibrium price   show
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price ceiling   show
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price floor   show
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show the lowest wage payable to employees in general or to designated employees as fixed by law or by union agreement  
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Created by: jordanwoody1
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