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Demand
Demand
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Demand
Flashcards
11 cards
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Practice quiz
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Questions
11
Answers
1
Shows the quantities demanded by everyone who's willing/able to purchase a product at one time
Market Demand Curve
Supply Curve
Opportunities Curve
Production Possibilities Curve
2
If the price of a product increases, the quantity demanded for an item....
Stays the same
Increases
Expands
Decreases
3
What does price effect?
Supply
Quantity Demanded
Demand
Nothing (I'm a baller)
4
The demand curve slopes....
downward
front
upward
side to side
5
Rule that states that more will be demanded at lower prices and less at higher prices
Law of the Land
Law of Demand
Law of Supply
Law and Order
6
The extra usefulness or satisfaction someone gets from the use of a product
Demand
Profit Motive
Marginal Utility
Diminishing Marginal Utility
7
Who will be the next president of the United States?
Donald Trump
The Don
D-Sizzle Trump
El Jefe Trump
8
Branch of economics that deals with behavior and decision making by small units
Small Market Capitalism
Microeconomics
Individual Economics
Macroeconomics
9
Demand is best demonstrated by use of a(n)......
Graph
Schedule
Spreadsheet
Calculator
10
Something that motivates is known as a(n)....
profit
motivator
money
incentive
11
When the first taco just isn't as delicious and satisfying as the 6th taco..
Marginal Utility
Taco Belly
Full Belly Syndrome
Diminishing Marginal Utility
