Being able and willing to buy something creates:
Suppy & Demand & Elasticity

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9th - 12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
demand.
2.
FLASHCARD QUESTION
Front
The price and quantity of goods is determined by the interaction of:
Back
supply & demand.
3.
FLASHCARD QUESTION
Front
When economists use ceteris paribus, they are looking for what happens to supply and demand when only the ____________ changes.
Back
price
4.
FLASHCARD QUESTION
Front
If demand is inelastic, a small change in price has ________________ on how much people will buy it.
Back
very little affect
5.
FLASHCARD QUESTION
Front
The law of demand states that if prices for something are lower, then people will buy:
Back
more of it.
6.
FLASHCARD QUESTION
Front
If consumers expect the current price of a good to fall, then their demand for that good will:
Back
also fall.
7.
FLASHCARD QUESTION
Front
Using a celebrity to increase people's demand for a product will shift a demand curve:
Back
to the right
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