Demand, Supply, and Market Equilibrium (Chapter 3)
Q. Can you describe Firm?
Firm - An organization that transforms resources (inputs) into products (outputs). Firms are the primary producing units in
a market economy.
Q. What is entrepreneur?
HW # 3
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Demand
shows the 1) _ A) quantity that buyers will buy at a given price. B) quantities that sellers will sell at all possib