Key Terms will not use all of the terms.
normal good
complements
income effect
demand curve
inelastic
inferior good
law of demand
unitary elastic
elastic
elasticity of demand
1. You would refer to a(n) — to find the
quantity that a person would purchase at
each price that could be offered in a market.
2. For a(n) -
-, a consumer's demand will
increase as his or her income increases.
3. The_ occurs when an increase in price
decreases a consumer's real income.
4. Demand for goods that are necessities is
usually
5. If the elasticity of demand of a good is
equal to 1, it is described as
6. According to the
when prices
increase, quantity demanded will decrease.
7. Two goods that are bought and used
together are

answer; i believe the correct answer is (75 years);

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answer; be sure that the information on file is correct;