Once You've Developed an Outline for a Predicted Essay Question

question 5

Multiple Choice

Once you've developed an outline for a predicted essay question,

• A) your work is done.
• B) it is always important to prepare the written answer.
• C) you need to identify the key information and learn it.
• D) you need to develop alternative ways to organize the information.

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Definitions:

Law Of Supply

A principle stating that, all else being equal, an increase in price results in an increase in quantity supplied.

Law Of Demand

The economic principle that, all else equal, an increase in the price of a good will decrease the quantity demanded, and conversely, a decrease in price will increase the quantity demanded.

Quantity

The amount or number of a material or immaterial entity that is measureable.

Equilibrium Price

The selling price where the amount of products offered is equal to the amount of products consumers want to buy.