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Consumer
________ or producer communication or cooperation Everything is determined by the price.
Yellow Pages
The law of demand applies to millions of products sold in grocery stores, department stores, clothing stores, shoe stores, drugstores, music stores, bookstores, hardware stores, other retailers, travel agencies, and restaurants, as well as mail- order catalogs, ________, classified ads, online sites, stock markets, real estate markets, job markets, flea markets, and all other m Even decisions that appear to be more personal than economic, such as whether or not to keep a pet, are subject to the law of demand.
particular commodities
Prices communicate to existing and future suppliers about the benefits of manufacturing ________.
commercial pressures
Change is not compelled by ________.
income rises
Because pizza is a typical good, its demand curve moves to the right as money ________.
Consumers
________ have a variety of methods for attempting to satisfy any given need.
Substitution Effect
When the price of a good falls, that good becomes cheaper compared to other goods so consumers tend to substitute that good for other goods
Disequilibrium
condition that exists in a market when the plans of buyers do not match those of sellers; a temporary mismatch between quantity supplied and quantity demanded as the market seeks equilibrium
Note 
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