56 1. Define demand. What is effective demand?
2. Define the law of demand. What kind of relationship is it?
3. What effect does it the law of demand have on the demand curve?
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4. What is Ceteris Paribus? How does it relate to the law of demand?
5. What does a demand schedule / curve tell us? How are they different?
6. Define a change in quantity of demand.
7. Define a change of demand.
8. How are a change in quantity of demand and a change of demand different on a demand
curve?
9. List the reasons for a change in demand.
10. What is a normal good? Give an example.
11. What is an inferior good? Give an example.
12. Define elasticity of demand.

States that if there is no specific employment contract saying otherwise, the employer or employee may end an employment relationship at any time, regardless of cause. rule of fair treatment due-process policy rule of law employment flexibility employment at will

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