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Supply And Demand Flashcards | StudBud
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Supply And Demand
what one doesnt belong
the worth of a good or service determined by the market
Supply And Demand
20 terms
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StudBud Administration
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6 plays
#econ #supplydemand
Flashcards
20 cards
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Questions
20
Answers
1
the worth of a good or service determined by the market
economic whole
economic growth
economics
economic value
2
what one doesnt belong
price of Related goods
Income
Consumer Tastes
Technology
3
A producer may produce more that one product
other goods
# of sellers
maket size
expectations
4
The additional amount of satisifaction from the origional product?
utility value
margional utility
economic value
economic utility
5
What does the S stand for in COSTER
Suspend
# of sellers
Suspect
supply
6
The greater the price the less your income can buy
market size
expectation
substitution effect
Real income effect
7
amount of satisfaction that you receive from a good or service
economic statuts
economic growth
economic utility
economic value
8
amount of additional satisafaction a consumor recieves diminishes w/ each additional unit
law of diminishing money
Law of diminishing marginal utility
product
margional utility
9
The quantities people are willing and able to purchase at various prices
Demand Schedule
Supply
Demand
Law of demand
10
More and more firms enter the market
Expectations
market size
gov regulations
# of sellers
11
What is the Shifters For Demand
CRIME
CHRIME
CRIMES
CHEESE
12
Technological improvments
Cell phones
Gov regulations
divice improvments
Technology
13
Law of demand is...?
As price goes up, QD goes up
As price goes down, QD goes down
As price goes down, QD stays the same
As price goes up, QD goes down
14
Buyers/ Consumers is
Supply
Economics
Shortage
Demand
15
Sellers/ Producers is
Supply
Demand
Elastic demand
Elastic supply
16
What is the shifter in Suppy?
Costers
Coasts
Costers
coat
17
change in quantity demand and a change in demand causes what ?
change in supply
CRIME
COSTER
change in demand
18
what does the R stand for in COSTER
Regular
Read
Right
Regulations
19
what does the M stand for in CRIME?
Money
Food Market
Market Size
Matter
20
Law of Supply is?
P goes up then QD goes Up
P goes up then QD goes down
P goes down then QD goes up
P goes up QD stays the same
