true or false
16. Labor market includes the stock market where securities if corporations are traded. 17. Equilibrium is where seller and buyer agree on the price of a good or service. 18. When the price of peanut butter in the market changes from P100.00 to P120.00, sellers of peanut butter will likely to reduce their production.
19. When price of peanut butter in the market changes from P120.00 to P100.00, sellers will be willing to buy more.
20. When price of donuts in the market changes from P25.00 to P15.00, buyers will buy more and sellers will produce more.
21. When price of coffee increases, the price of creamer also increases.
22. Consumer's anticipation of changes in price of a good is referred to as expectations.
23. Income effect is felt when a change in the price of a good changes demand due to alternative consumption of substitute goods.
24. When the price of egg increase, suppliers will supply more. This scenario is explained by the law of demand.
25. Supply refers to the quantity of goods that a seller is willing to offer for sale.
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Answer:
16.T
17.T
18.F
19.F
20.F
21.T
22.T
23.T
24.T
25.T
Explanation:
IWAN KO PO KUNG TAMA YAN BASTA YAN PO YUNG SAGOT KO
PA HEART NALANG PO
Answer:
HALO HALO HALO HALO HALO HALO HALO HALO