Demand
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 | Increase in price leads to a decrease in quantity demanded
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| Define demand | show 🗑
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| Define consumer surplus | show 🗑
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| What is individual demand? | show 🗑
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| show | The quantity of a good all consumers in the market are prepared to buy at each price
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| show | A table that shows the different quantities of a good that consumers are prepared to buy at each price
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| What is a demand curve? | show 🗑
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| Define effective demand | show 🗑
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| Define composite demand | show 🗑
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| Define joint demand | show 🗑
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| Define derived demand | show 🗑
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| What causes a shift in the demand curve? | show 🗑
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| show | Caused by a change in price
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| What is a complementary good? | show 🗑
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| What is a substitute good? | show 🗑
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| show | A good that obeys the law of demand which has a positive income effect
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| show | A good with a negative income effect
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| What are giften goods? | show 🗑
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| show | Giften goods.
Status symbols.
Speculative goods.
Addictive goods.
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| What is the substitution effect? | show 🗑
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| show | An increase in the real income of a consumer due to a reduction in the price of a good
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| show | No
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| show | Its own price.
The price of other goods.
Level of income.
Consumer expectations.
Consumer tastes.
Unplanned factors.
Government regulations.
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| show | The change in consumption resulting from a change in real income
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Created by:
JackEatonK98
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