Definitions
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | Is the number of units of a product which consumers are willing to buy at any given market price at any given time
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| A Demand Schedule | show 🗑
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| Demand Curve | show 🗑
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| Individual Demand | show 🗑
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| show | Shows the different quantities of a good that all consumers in the market are prepared to buy at each price. It is derived by adding together all the individual quantities demanded for the good.
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| The Demand Function | show 🗑
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| show | A change in demand due to a change in the price of the good itself
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| Shift in the Demand Curve | show 🗑
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| show | Goods that are used jointly. The use of one involves the use of other
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| Substitute Goods | show 🗑
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Created by:
pdsteconomics
Popular Economics sets