6.
An individual demand curve slopes downward to the right because of the

7.
Income elasticity of demand is defined as the responsiveness of

8.
The supply of a good refers to

9.
The cost of one thing in terms of the alternative given up is called

10.
Assume that consumer's income and the number of sellers in the market for good X both falls. Based on this information, we can conclude with certaintty that the equilibrium

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