What is Demand?
What Factors Affect Demand?
What is Elasticity of Demand?
American Enterprise
Potpourri Category
100
Economic term is defined as the desire to have a good or service and the ability to pay for it?
What is demand?
100
An increase or decrease in the amount that consumers are willing and able to buy in response to a change in price
What is change in quantity demanded
100
The measure of how responsive consumers are to price change
What is elasticity
100
The US has this type of economy
What is free enterprise system?
100
This was the dress theme for Monday Homecoming
What is country vs. country club?
200
The following restates the law of demand?
What is the prices go down, quantity demanded increases; when prices go up, quantity demanded decreases.
200
Consumers demand more or less goods or products when their salary or pay increases or decreases
What is income effect?
200
Quantity demanded changes significantly when price changes, how is demand described?
What is elastic demand?
200
A person who watches public television but never pays the money to subscribe.
What is free rider?
200
This is the motto for SJA?
What is "It's a great time to be a flash"
300
A graph showing how much of a product a market is willing and able to buy
What is a market demand curve?
300
Goods and services that can be used in place of each other alters demand
What is substitution effect
300
The slope of an elastic demand curve is this: vertical, horizontal, or neither
What is horizontal?
300
Pollution or harmful toxins in water are an example of this
What is negative externality?
300
Best NFL Football Team
What is 49ers?
400
Demand requires the desire and ability to purchase it
What is True?
400
Good and services used together
What are complements?
400
A total revenue is based on what two indicators
What is product/service total and price per item?
400
The ability to enter into an agreement without coercion.
What is free contract?
400
Best Armed Forces Military Branch
What is US Army?
500
This is necessary information needed on a demand curve?
What is price and quantity demanded?
500
Buying good and services based on preferences and likes
What is Consumer tastes?
500
Goods that have no substitutes or are necessary
What is inelastic demand?
500
The ultimate reason why entrepreneurs enter into a market to sell goods or services
What is the profit motive?
500
The person who benefits the most from studying economics tonight for test tomorrow?
What is me the student?
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