
Econ Ch. 4 Vocab Demand
Authored by Brendan Davila
Social Studies
12th Grade
Used 25+ times

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11 questions
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1.
FILL IN THE BLANKS QUESTION
45 sec • 1 pt
The desire to own something and the ability to pay for it (willing and able)
(a)
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
consumers buy more of a good when its price decreases and less when its price increases
demand
law of demand
market demand schedule
demand curve
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
when consumers react to an increase in a good's price by consuming less of that good and more of other goods
demand
substitution effect
market demand schedule
income effect
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the change in consumption resulting from a change in real income
demand
substitution effect
market demand schedule
income effect
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a table that lists the quantity of a good a person will buy at each different price
demand
law of demand
demand schedule
demand curve
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a table that lists the quantity of a good all consumers in a market will buy at each different price
market demand schedule
law of demand
demand schedule
demand curve
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a graphic representation of a demand schedule
market demand schedule
supply curve
demand schedule
demand curve
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