Supply
The quantity or how much the market can provide is known as ______________.
What is supply?
The amount of a product or service is desired by buyers is known as ______________.
What is demand?
The study of the economy with a large scope. Looking at regional, national and global units.
What is macro-economics?
The gap between limited resources and unlimited wants is known as ______________.
What is scarcity?
What is June, 29th 2024
What is the date Ms. Filus is getting married?
The change in consumer demand as a result of a change in a good or service’s price.
What is price elasticity?
The point at which supply meets demand is known as ___________.
What is the equilibrium point?
The study of the economy with a narrow scope. Looking into individuals and firms.
What is mico-ecomonics?
The amount of an asset or resource that exceeds the amount that is utilized.
What is surplus?
Ms. Filus has 2 of these pets?
What are cats.
A _______________ is a market situation where there is only one producer who controls the supply of a good or service.
What is a monopoly?
A geographic area where sellers offer their goods and services in exchange for consumer dollars.
What is a market?
The study of production, distribution and consumption of goods and services.
What is economics?
The cost per unit will be reduced when total output of the product is increased.
What is economies of sales?
Ms. Filus got her bachelors degree from this University.
What is Bloomsburg?
___________ is the value of all goods and services produced in a country in a specific period of time.
What is GDP?
A _________________ is a market situation where there are few producers who control the supply of a good or service.
What is an oligopoly?
Analyzing supply and demand would be a ______________ principle.
What is micro-economic?
The Business cycle consists of recession, recovery, growth and _______.
What is decline?
Ms. Filus' favorite candy is this.
What are Reese's?
A goal that take 5+ years to accomplish.
What is long term?
An individual who funds and runs a business assuming all of the risks and rewards of the venture.
What is an Entrepreneur?
An asset or item that is purchased for the goal of generating income is known as______________.
What is an investment?
An organization that operates to aid in some social effort, they do not retain any profits from commerce.
What is a non-profit?
Ms. Filus loves to shop at this store.
What is target?