Demand
Demand Continued
Supply
Supply and Demand
Random
100
The amount of good or service consumers will pay at various prices
What is Demand
100

On a demand curve, what does the x-axis represent

What is quantity demanded

100

The amount of a good or service that producers are able and willing to sell at various prices

What is Supply

100

if a good becomes popular or fashionable, what will happen with the demand for the good

What is Increase

100

What is the FDA

What is Food and Drug Administration

200
Economic rule stating that quantity demanded and price move in opposite directions
What is The Law of Demand
200

What happened from the first demand curve to the second (D0 to D1)

What is Demand Increased

200

Economic rule stating that the price and quantity supplied move in the same direction

What is Law of Supply

200
Situation in which quantity demanded is greater that quantity supplied
What is Shortage
200

What year did Coach K graduate highschool

What is 2018

300

What is the downward slope in the graph

What is Demand Curve

300

__ are goods that are used together

What is Complementary goods

300

The amount of a good or service that a producer is willing to supply at a specific price

What is Quantity Supplied

300
Situation in which quantity supplied is greater than quantity demanded
What is Surplus
300

Branch of economic theory dealing with behavior and decision making on a small scale

What is Microeconomics

400

What usually happens to the price when there is a shortage

What is Rise

400

Which economic term describes the actions that people perform for us that are bought and sold

What are services

400

What is the upward slope in the graph

What is Supply Curve

400

if the price of a good or service increases, what will happen to the demand for it

What is Decrease

400

What is a good that can take the place of another good

What is substitute good

500

The cost of the next best alternative use of time and money

What is Opportunity Cost

500

At which point does price and demand meet

What is Equilibrium Price

500

A table showing the relationship between price and quantity supplied is called

What is Supply Schedule

500

The supply model shows 

What is Price and quantity

500

A motivating influence that causes you to act

What is incentive