Chapter 16 Lesson 3 (Demand and Supply in a Market Economy)

Chapter 16 Lesson 3 (Demand and Supply in a Market Economy) 1.) What is the difference between a consumer and a producer? Consumers buy goods & services and producers provide goods & services. 2.) Explain the four (4) parts of the definition of demand. 1.) Amount – measures amount goods & services consumers are willing to buy. 2.) ................
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