stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Law of Demand/ Demand Curve Flashcards | StudBud
Explore
/
Law of Demand/ Demand Curve
Law of Demand/ Demand Curve
10 terms
·
StudBud Administration
·
3,264 plays
Imported from external platform
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
A market is where people come together to buy and sell goods and services?</p>
<p>False</p>
<p>True</p>
2
The economic term for the number of units of a good purchased at a specific price is...
price
market
demand
Quantity demand
3
if the price of the good increases, the quantity demanded of the good?
nothing
stays same
increases
decreases
4
Would the price of laptops go up if the quantity goes down?
nothing
false
stays same
true
5
The willingness and ____ of buyers to purchase different quantities of good at different prices
market
demand
ability
<p>supply</p>
6
A person consumes additianal units of a good the utility gained from each unit of a good...
stays same
increases
nothing
decreases
7
The economic term for the graphic representation of the law of demand is...
demand schedule
demand curve
law of demand
law of diminishing marginal utility
8
The economic term for type of numerical chart showing the law of demand is...
D curve
D schedule
D shift
<p>law of demand</p>
9
If the demand decreases, the demand curve shifts right
<p>false</p>
<p>true</p>
10
<p>If the price goes down the quantity demand goes...</p>
<p>up</p>
<p>left</p>
down
right