Fill in the blank: _______ refers to consumer willingness and ability to buy products.
Demand Check Up

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•
Social Studies
•
11th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Demand
2.
FLASHCARD QUESTION
Front
Fill in the blank: The _______ states that consumers buy more of a good when its price decreases and less when its price increases.
Back
Law of Demand
3.
FLASHCARD QUESTION
Front
Fill in the blank: _______ is the amount of a good that buyers are willing and able to purchase.
Back
Quantity Demanded
4.
FLASHCARD QUESTION
Front
Fill in the blank: _______ are specific consumer events (other than price) that impact the market demand of products.
Back
Demand Shifters
5.
FLASHCARD QUESTION
Front
Demand Curve: Graph representation of the market that slopes _______ to mimic the law of demand.
Back
downward
6.
FLASHCARD QUESTION
Front
A new study has shown that avocados are extremely healthy. The demand for avocados has increased due to a change in tastes and preferences (popularity).
Back
tastes and preferences (popularity)
7.
FLASHCARD QUESTION
Front
Consider the market for SUVs. If the price of gasoline increases then the Demand for these vehicles will
Back
decrease
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