Law of Demand

Supply, Demand and Equilibrium

Flashcard
•
Business
•
10th Grade
•
Hard
ANNE FRENETTE
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10 questions
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1.
FLASHCARD QUESTION
Front
Back
Prices ↑, Quantity Demanded ↓; Prices ↓, Quantity Demanded ↑
2.
FLASHCARD QUESTION
Front
Substitutes
Back
Price of one ↑, Demand for other ↑
3.
FLASHCARD QUESTION
Front
Determinants of Demand
Back
tastes, price of related goods, Income, number of buyers, expectations
4.
FLASHCARD QUESTION
Front
Complements
Back
Price of one ↑, Demand for other ↓
5.
FLASHCARD QUESTION
Front
Law of Supply
Back
Prices ↑, Quantity Supplied ↑; Prices ↓, Quantity Supplied ↓
6.
FLASHCARD QUESTION
Front
Determinants of Supply
Back
number of sellers, productivity, input prices, taxes/subsidies, expectations
7.
FLASHCARD QUESTION
Front
Subsidy
Back
Benefit given by government
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