Supply and 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 | The desire, willingness & ability to purchase a G & S (at all possible prices)
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| Law of Demand | show 🗑
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| Factors Affecting Demand | show 🗑
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| Substitute Goods | show 🗑
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| show | A good's demand is increased when the price of another good is decreased.
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| Elastic Demand | show 🗑
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| show | Price has minimal affect on quantity demanded
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| show | The power of a G/S to satisfy a want or need (the product's usefulness)
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| show | The amount of satisfaction decreases w/ each additional purchase (ex: eating a 3rd, 4th or 5th hotdog, seeing a movie for a 2nd, 3rd, or 4th time)
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| show | The amount of a G/S that producers are willing to produce at various prices
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| show | As the price increases quantity supplied increases as the price decreases quantity supplied decreases
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| Factors Affecting Supply | show 🗑
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| Equilibrium Price/ Market price | show 🗑
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| show | Having more quantity demanded than supplied (not enough G & S)
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| Surplus | show 🗑
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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:
livilou541
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