El Paso
Vocabulary
Supply and Demand
Vocabulary
High School Mascot
100
Tacos with tomato sauce and cheese
What is Chicos Tacos
100
rule stating that more will be demanded at lower prices and less at higher prices; an inverse relationship between price and quantity demanded
What is law of demand
100
if price increase, supply
What is increase
100
principle that more will be offered for sale at higher prices than at lower prices
What is law of supply
100
Mascot- Tiger
What is El Paso High
200
Amusement Park located in Sunland Park , NM
What is Western Playland
200
supply curve that shows the quantities offered at various prices by all firms that sell the same product in a given market
What is market supply curve
200
If price decreases, demand
What is increase
200
government payment to encourage or protect a certain economic activity
What is subsidy
200
Mascot- Highlander
What is Bel Air
300
Major University in El Paso
What is UTEP
300
listing showing the quantity demanded at all possible pries that might prevail in the market at a given time
What is demand schedule
300
Id quantity demand increase and supply decreases, price
What is decreases
300
graph showing the quantity demanded at each and every possible price that might prevail in the market at a given time
What is demand curve
300
Mascot- Panther
What is Austin High School
400
What theme park ended in El Paso in 1988
What was Magic Landing
400
decrease in satisfaction or usefulness as additional unites of a product are acquired
What is diminishing marginal utility
400
consumers substitute an alternative less expensive product for one that has become more expensive is called
What is substitution effect
400
stage of production where output increases at a decreasing rate as more units of variable input are added
What is diminishing returns
400
Mascot- Spartans
What is Pebble Hills High School
500
Who is the mayor of El Paso
Who is Oscar Leeser
500
the money that comes into the firm from the sale of their goods
What is revenue
500
Wealthy spend % less of their wealth of food is called
What is Engel's Law
500
only those costs that must be explicitly paid by the owner of a business
What is accounting cost
500
Mascot- Travis the trailblazer
What is Americas High School
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