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Supply and Demand Vocab Flashcards | StudBud
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Supply and Demand Vocab
Supply and Demand Vocab
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Economics Supply and Demand
Flashcards
22 cards
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Questions
22
Answers
1
change in amount offered for sale in response to price change; movement along the supply curve
Change in Supply
Change in Demand
Change in Quantity Demanded
Change in Quantity Supplied
2
What does this represent
Law of Demand
Law of Supply
Change in Quantity Supplied
Change in Supply
3
What does this represent
Change in Quantity Demanded
Supply Curve
Demand Curve
Change in Demand
4
What does this represent
Change in Demand
Change in Quantity Demanded
Law of Demand
Law of Supply
5
What does this represent
Change in Quantity Demanded
Change in Demand
Law of Supply
Law of Demand
6
moves along Demand Curve- demand Curve does not move
Change in Quantity Supplied
Change in Quantity Demanded
Change in Supply
Change in Demand
7
What does this represent
Increase in Change in Supply
Increase in change in Quantity Supplied
Decrease in Change in Quantity Supplied
Decrease in Change in Supply
8
Which of the following best describes what happens on a graph when price stays same
the curve shifts
moves along the curve
9
What does this represent
Increase in Change in Supply
Decrease in Change in Quantity Supplied
Increase in Change in Quantity Supplied
Decrease in Change in Supply
10
What does this represent
Increase in Change in Demand
Decrease in Change in Demand
Decrease in Change in Quantity Demanded
Increase inChange in Quantity Demanded
11
What does this represent
Increase in Change in Supply
Decrease in Change in Quantity Supplied
Decrease in Change in Supply
Increase in Change in Quantity Supplied
12
moves along supply Curve- Supply curve does not MOVE
Change in Quantity Supplied
Change in Supply
Change in Quantity Demanded
Change in Demand
13
What does this represent
Change in Supply
Change in Demand
Change in Quantity Supplied
Change in Quantity Demanded
14
What does this represent
Law of Supply
Change in Quantity Demanded
Change in Demand
Law of Demand
15
Shift in Supply curve
Change in Quantity Demanded
Change in Supply
Change in Quantity Supplied
Change in Demand
16
People buy more of a product even though price stayed the same; shown as Demand Curve shift
Change in Supply
Change in Quantity Supplied
Change in Quantity Demanded
Change in Demand
17
movement along the demand curve, shows change in quantity of product bought due to Price change
Change in Demand
Change in Quantity Demanded
Change in Quantity Supplied
Change in Supply
18
What does this represent
Increase in Change in Quantity Demanded
Decrease in Change in Quantity Demanded
Increase in Change in Demand
Decrease in Change in Demand
19
Demand Curve shifts
Change in Demand
Change in Supply
Change in Quantity Supplied
Change in Quantity Demanded
20
What does this represent
Change in Supply
Demand Curve
Change in Quantity Supplied
Supply Curve
21
Which of the following best describes what happens on a graph when price changes
moves along the curve
the curve shifts
22
Quantity offered for sale changes even though price stays the same; Supply curve shifts
Change in Quantity Supplied
Change in Demand
Change in Supply
Change in Quantity Demanded
