Econ Chpt 7 and 9 Supply and Demand

If the price of inputs increases:

As technology increases and advances

If you wrote a song and copyrighted it, you will own the rights to that song for:

OPEC is an example of:

Potato Chips are an example of an:

If the price of one good goes up and people buy another similiar product, it's an example of:

What is not an example of what can influence demand

hotdogs and hotdog buns; peanut butter and jelly are examples of:

merging of family video and blockbuster is an example of:

Sherman Antitrust Act:

Which industry is an excellent example of perfect competition

Which item has inelastic demand

Freely chosen activities between buyers and sellers

Illegal area where high prices are charged for items in short supply

The more substitutes a good/service has:

Quantity demanded is more that the quantity supplied

How people choose to sell goods/services is called:

Max price to be charged for a good or service (common in housing)

The more firms are in a market:

The use or satisfaction you get out of a good or service

When the quantity supplied is more than the quantity demanded

the market for toothpaste and makeup forms a market for:

A chart of prices and quantity demanded is called a:

What people choose to buy is called

Business are categorized by their:

Proctor and Gamble are an example of:

buying less gas because your income stayed the same but gas price went up is an example of the:

Government sets the min price for goods/services (common in agriculture)

Duke Energy is an example of a:

The Demand Curve generally slopes:

as the price of a good rises:

the point at which quantity demanded and quantity supplied meet is called: