Chapter 4 Vocab
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| Supply | show 🗑
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| Demand | show 🗑
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| show | The focus of a worker on only one or a few aspects of production in order to improve efficiency.
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| Division of Labor | show 🗑
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| show | The point at which the quantity supplied and quantity demanded for a product are equal at the same price.
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| show | A situation in which the quantity demanded of a good or resource exceeds the quantity supplied.
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| Surplus | show 🗑
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| Price Floor | show 🗑
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| Price Ceiling | show 🗑
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| show | Measure used in economics to show the responsiveness of the quantity demanded of a good or service to a change in its price.
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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.
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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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