Demand
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| show | the amount of a good or service that consumers are able and willing to buy at various possible prices during a specified time period
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| show | freely chosen activity between buyers and sellers of goods and services
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| Law of Demand | show 🗑
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| Quantity Demanded | show 🗑
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| Real Income Effect | show 🗑
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| show | economic rule stating that if two items satisfy the same need and the price of one rises, people will buy more of the other
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| show | situation in which a product's price change has little impact on the quantity demanded by consumers
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| show | an additional amount of satisfaction
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| Utility | show 🗑
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| show | downward-sloping line that shows in graph form the quantities demanded at each possible price
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| show | table showing quantities demanded at different possible prices
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| show | a product often used with another product
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| Elasticity | show 🗑
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| show | economic concept that deals with how much demand varies according to changes in price
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| show | situation in which a given rise or fall in a product's price greatly affects the amount that people are willing to buy
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| Inelastic Demand | show 🗑
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Created by:
abreland
Popular Economics sets