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Homework answers / question archive /   The government attempts to own and control important resources and to make the decisions about what will be produced and consumed A relationship between the quatity of a product are willing and able to purchase and price A relationship between price and quantity demanded

  The government attempts to own and control important resources and to make the decisions about what will be produced and consumed A relationship between the quatity of a product are willing and able to purchase and price A relationship between price and quantity demanded

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  1. The government attempts to own and control important resources and to make the decisions about what will be produced and consumed
  2. A relationship between the quatity of a product are willing and able to purchase and price
  3. A relationship between price and quantity demanded.
  4. All of the consumers who will purchase a particular product or sevice .
  5. Natural resources, capital, equipment and labor.
  6. The amount of satisfaction a cosumer receives from the consumption of a particular product or sevice.
  7. Resources are owned by individuals rather than the government .
  8. When the price of a product is increased, less will will be demanded . when the price is decreased, more will be demanded.
  9. As the price goes down , fewer will be manufactured.
  10. Studies the economic behavior and relationships of an entire society
  11. The point where supply and demand for a product are equal.

 

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