What is a tabular depiction of the relationship between price and quantity supplied
100
What is demand schedule
What is a table that lists the quantity of a good all consumers in a market will buy at every different price
100
What is quantity supplied
If the price is higher what is greater
100
What is price
When the demand goes up what goes up?
200
The larger study of economics
What is macroeconomics
200
What is supply
What is a stock of a product or resource
200
What is demand
What is an insistent request
200
What are the four market behaviors
What is supply can increase, supply can decrease, demand can increase, demand can decrease.
200
What is demand
When price increases, what decreases
300
Marginal cost
What is the cost added by producing one extra item of a product?
300
What is a stock pile
What is a large accumulated stock of goods or materials, especially one held in reserve for use at a time of shortage or other emergency.
300
What is law of demand
What is a microeconomic law that states, all other factors being equal, as the price of a good or service increases, consumer demand for the good or service will decrease, and vice versa.
300
What is Price Ceiling
What is The Steelers set their superbowl home game tickets at $9,000 for court side seats..
300
What is price floor
Government makes the taxing rate on colleges higher than %15
400
To repel or do away with
What is abrogate
400
What is Changes in technology. Changes in expectations. An input is a good that is used to produce another good.
What causes the 3 Shifts in the Supply Curve?
400
What is outsourcing
What is When a product is made in a different country and brought here
400
What is voluntary exchange
Buyers and sellers engage freely and willingly in market transactions.
500
Under utilization
What is the state of not being used enough or not used to full potential.
500
What is subsidy
What is a government action to cause a supply shift
500
What is price
When the supply goes up what goes down
500
What is cost of productions
What is Wages, Cost of labor, Rent, Cost of Capital, Cost of Raw Materials ad Natural.