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Supply & Demand Flashcards | StudBud
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Supply & Demand
Supply & Demand
9 terms
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StudBud Administration
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36 plays
#supply&demand
Flashcards
9 cards
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Practice quiz
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Questions
9
Answers
1
Sellers willing to make thinks available for sale
Demand
Supply
2
What does the T stand for in TRICE
Tomatos
Technology
3
What is an example of a fixed cost?
Buying food
Paying rent
4
What is Diminishing Marginal Return?
Adding more workers to increase production
Lowering costs
5
What is equilibrium price?
Price buyers and sellers are willing to pay for
Amount of money used in make goods
6
What is an example of a variable cost?
Paying rent
Buying food
7
Elastic or Inelastic?
Inelastic
Elastic
8
What kind of graph in this?
Demand
Supply
9
What kind of graph is this?
Demand
Supply
