Chapter21 Vocabulary
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| Demand | show 🗑
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| show | Table showing quantities demanded at different possible prices
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| Demand Curve | show 🗑
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| Law of Demand | show 🗑
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| Market Demand | show 🗑
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| show | The amount of satisfaction one gets from a good or service
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| Marginal Utility | show 🗑
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| Substitute | show 🗑
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| Complement | show 🗑
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| show | Measure of responsiveness relating change in quantity demanded to a change in price
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| Supply | show 🗑
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| show | The principle that suppliers will normally offer more for sale at higher prices and less at lower prices
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| show | Table showing quantities supplied at different possible prices
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| Supply Curve | show 🗑
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| show | The money a business receives for its products or services over and above its costs
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| Market Supply | show 🗑
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| Productivity | show 🗑
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| show | The methods or processes used to make goods and services
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| show | A government payment to an individual, business, or group in exchange for certain actions
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| show | Responsiveness of quantity supplied to a change in price
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| Surplus | show 🗑
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| show | Situation in which quantity demanded is greater than quantity supplied
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| show | The price at which the amount producers are willing to supply is equal to the amount consumers are willing to buy
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| show | Maximum price that can be charged for goods and services, set by the government
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| Price Floor | show 🗑
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| Minimum Wage | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Sarah Ellerba
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