Mr. Wilder: Supply & Demand

If a good is a need then the demand is

What is it called in a market when buyers buy exactly the same amount as sellers want to sell.

This change in the market causes Equilibrium Prices to _________ and Quantities to _________

Which market structure does the Fast Food Industry fit into?

If the price of pepsi goes up, what will happen to the demand for coke?

When there is a Shortage in a market the Price will

If the quantity demanded is 200 and the quantity supplied is 50 how much is the shortage?

What two shifts (one of demand/one of supply) will definitely cause equilib prices to decrease?

Coke the most superior carbonatated beverage in the world is produced by a ___

If you raise the price of the product and your total revenue goes down then the demand is

the highest price you are LEGALLY able to pay is called

A price that is HIGHER than equilibrium will cause a __________ in the market.

One example of a price floor is

Which of the following would increase the price of Dog Food

If demand shifts to the left prices will __________ and quantities will _____________

Look at the Graph.  If this is the Market for Green Beans what might cause this to happen.

The following products would be considered Compliments

If there is a surplus, Quantity Demanded is ____________ than quantity supplied

The polluction caused by a factory located in your community is an example of ___

Any arrangement that brings buyers and sellers together is called:

Christy Creme Ice Cream in Council Bluffs is an example of which type of Business Organization

If Green Bean Manufactures kept their price at the OLD equalibrium this would cause ___________