Definitions
Help!
|
|
||||
|---|---|---|---|---|---|
| show | The requirement that when analyzing the relationship between two variables - such as price and quantity demanded - other variables must be held constant.
🗑
|
||||
| Law of Demand | show 🗑
|
||||
| show | The rule that, holding everything else constant, increases in price cause increases in the quantity supplied, and decreases in price cause decreases in the quantity supplied.
🗑
|
||||
| show | Has a market equilibrium with many buyers and sellers. Only at this point is the quantity demanded equal to the quantity supplied.
🗑
|
||||
| show | Goods and services that are used together.
🗑
|
||||
| Demand Curve | show 🗑
|
||||
| show | A table that shows the relationship between the price of a product and the quantity of the product demanded.
🗑
|
||||
| show | The characteristics of a population with respect to age, race, and gender.
🗑
|
||||
| Income Affect | show 🗑
|
||||
| show | A good for which the demand increases as income falls and decreases as income rises.
🗑
|
||||
| show | The demand by all the consumers of a given good or service.
🗑
|
||||
| Market Equilibrium | show 🗑
|
||||
| show | A good for which the demand increases as income rises and decreases as income falls.
🗑
|
||||
| Perfectly Competitive Market | show 🗑
|
||||
| show | The amount of a good or service that a consumer is willing and able to purchase at a given price.
🗑
|
||||
| Quantity Supplied | show 🗑
|
||||
| Shortage | show 🗑
|
||||
| show | Goods and services that can be used for the same purpose.
🗑
|
||||
| Substitution Affect | show 🗑
|
||||
| show | A curve that shows the relationship between the price of a product and the quantity of the product supplied.
🗑
|
||||
| Surplus | show 🗑
|
||||
| Technological Change | show 🗑
|
||||
| show |
🗑
|
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.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
eagle4942
Popular Economics sets