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Instructions: Below is a plan for a contrast paragraph. The points of contrast in the second column do not follow the same order as the points in the first column. In addition, one detail is missing. Eating in a restaurant and eating at home Eating in a restaurant Eating at home 1. Can get expensive ____ Delicious, home-cooked meals 2. Atmosphere often loud and bustling ____ Someone must do the dishes 3. Diners more likely to converse with one another ____ Usually cheaper than eating out 4. No clean up ____ ________________________ 5. Quality of food varies from very good to poor, depending on the restaurant ____ Family members more likely to read or watch TV while eating The missing detail in the plan above is
Elasticity of Demand
Estimating how much the demand for a product fluctuates in response to changes in its price.
Resource Markets
Markets in which business firms demand factors of production (for example, labor, capital, and natural resources) from household suppliers. The resources are then used to produce goods and services. These markets are sometimes called factor markets or input markets.
Quantity Supplied
The quantity of a product or service that suppliers are ready and capable of selling at a specific price.
Inversely Related
A term used to describe a situation in which one variable increases as another variable decreases.
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