Chapter 21 Matching
table showing quantities supplied to a change in price.
|
a government payment to an individual, business, or group in exchange for certain actions.
|
maximum price that can be charged for goods and services, set by the government.
|
the concept that people are normally willing to buy less of a product if the price is high and more of it if the price is low.
|
responsiveness of quantity supplied to a change in price.
|
table showing quantities demanded at different possible prices.
|
downward-sloping line that graphically shows the quantities demanded at each possible price.
|
the amount of goods and services that producers are able and willing to sell at various prices during a specific time period.
|
product often used with another product.
|
the amount of satisfaction one gets from a good or service.
|
0:00