----------------------- establishes the relationship between quantity demanded and one or more independent variables

The law of supply states that firms will ----------- of the commodity when prices are high and vice versa.

Market ----------- occurs where demand and supply are equal.

Commodities which are perishable in nature have ---------------- supply.

When a supply of a commodity decreases on a fall in its price, it is called ----------

When a supply of a commodity decreases on a fall in its price, it is called ----------

_____ costs do not change as output is increased or decreased.

The term demand chain is considered limited because it ________.

The marginal propensity to import is equal to _______.

Marginal decisions are said to be made on the ________ unit(s) under consideration.

For any given product, _____ is determined by what the market will bear.