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Supply
Demand
Supply and Demand
Random
100
Supply looks goods and services through the eyes of?
What is the producer, supplier, or owner
100
<p>What direction does the demand curve go in</p>
<p>What is a downward slope?</p>
100
Where is the point where the demand curve and supply curve cross?
What is equilibrium
100
<p>What is a monopoly?</p>
<p>A business running the whole market</p>
200
In what direction does the supply curve go?
What is to the upper right corner
200
Demand curve looks at goods and services through the eyes of?
What is consumer
200
<p>What is the point above equilibrium? See board for example </p>
<p>What is a surplus</p>
200
<p>What color is an octopuses blood</p>
<p>blue</p>
300
This is the main goal of a supplier.
What is make money
300
The demand curve increases in quantity as price
What is decreases
300
<p>What is the point below equilibrium?</p>
<p>What is shortage?</p>
300
What is one of the four barriers to entry
<p>What is CONTROLL OF RESOURCE, TECHNOLOGICAL SUPERIORITY, GOVERNMENT INVOVLEMENT, ECONOMIES OF SCALE</p>
400
According to supply, as quantity increases, price...
What is increases
400
<p>What is the demand shifter that occurs when consumers thing something is about to happen.</p>
<p>What is consumer expectations?</p>
400
<p>How  can equilibrium always achieved?</p>
<p>What is by changing prices.</p>
400
<p>What is it called when the government allows a monopoly?</p>
<p>What is a legal monopoly?</p>
500
<p>Name the shifter that can affect supply when the price of a good used in production increases or decrease</p>
<p>What is the price of inputs?</p>
500
Fads, trends, natural disasters, peer pressure and personal opinions can do this to a demand curve.
What is a shift
500
What two factors make up a supply and demand chart?
What is price and quantity
500
<p>Is monopoly a good name for the board game? Why or why not.</p>
<p>Answers will vary</p>