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PARAGRAPH FORM: YOUR OWN RESPONSE PLEASE...
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50 POINTS~ ANSWERS NEEDED... TYPE IT LIKE THIS:
PARAGRAPH FORM: YOUR OWN RESPONSE PLEASE...
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2: {ANWSER}
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1.) Substitutes- Define Substitutes in terms of Econ (In your own words)
-What does having a substitute do to the demand of the competing product? Explain why?
2.) Complements- Define Complements in terms of Econ (In your own words)
- Give 3 Examples of complements in the real-world.
3.) Utility- Define utility in terms of Econ ( in your own words)
-List three items that provide use to you.
4.) Diminishing utility- Define in Econ Terms( in your own words)
-Describe diminishing utility with 3 real-world examples.
Answers: 2
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