According to the _________ Principle, If Joan Likes to Watch

question 63

Short Answer

According to the _________ principle, if Joan likes to watch television and hates to study, then studying can serve as a(n) _________ for watching television.

Analyze the impact of external factors on supply and demand curves.

Predict the market outcomes of shifts in supply and/or demand.

Assess the relationship between price changes and movements along or shifts of the supply and demand curves.

Identify the role of substitutes and complements on market dynamics.