SUPPLY AND DEMAND!

Front

Relationship of price and supply

Back

Direct

Front

What best describes a market?

Back

A place where transaction between the producers and consumers

Front

Pepper has already consumed five cups of rice and does not want to have anymore.

Back

Diminishing marginal utility

Front

Francine believes that her money has more value hence, buying the “buy one, get one” offer of Aquaflask.

Back

Income effect

Front

Why does Nelson not mind the price increase of Pocari Sweat?

Back

Substitution effect

Front

Raw materials coming from Russia and Ukraine are difficult and expensive to ship because of the ongoing war, hence, the limited supply of potatoes to make fries.

Back

Price of resources

Front

Why does Kenneth decide to produce more umbrellas in July to November?

Back

Expectation

Front

What does the proliferation of hole-in-the-wall samgyupsal restaurants in the metro indicate?

Back

Number of producers

Front

The money “given” by the government so farmers can produce more crops.

Back

Subsidy

Front

Qd stands for __.

Back

Quantity demanded