Determinants of demand for a good or service in a market
quick economics quiz
- Created by: Lottie
- Created on: 19-12-11 16:46
Other questions in this quiz
2. Is price the exchange value?
- True
- False
3. What does a product market refer to?
- the utility that derives from a good/ service as the customer wants these
- scienific view point
- subsitution
4. What is a commodity market?
- the utility that derives from a good/ service as the customer wants these
- a market that sells raw materials/minerals which are used in production of goods/services
- subsitution
5. Do labour markets buy a sell labour for goods and services e.g. teachers?
- True
- False
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