
Supply and Demand (Unit 2)

Flashcard
•
History
•
9th Grade
•
Hard
Brooke Bolsby
FREE Resource
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50 questions
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1.
FLASHCARD QUESTION
Front
A demand schedule is best described as ______.
Back
data.
2.
FLASHCARD QUESTION
Front
When the price of something increases, the quantity demanded ____.
Back
decreases.
3.
FLASHCARD QUESTION
Front
marginal (in the context of marginal utility)
Back
additional
4.
FLASHCARD QUESTION
Front
Why is a demand curve downward sloping?
Back
because quantity demanded increases as price decreases
5.
FLASHCARD QUESTION
Front
Why is the Law of Demand called a "law"?
Back
because it has been demonstrated repeatedly
6.
FLASHCARD QUESTION
Front
A change in quantity demanded is represented by
Back
movement along the demand curve.
7.
FLASHCARD QUESTION
Front
What is the main cause of a change in quantity demanded?
Back
change in price
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