
Demand Vocabulary Review
Authored by Vicki Blair
Social Studies
11th Grade
Used 6+ times

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17 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Definition: graphically shows the data from a demand schedule
market demand schedule
demand curve
law of demand
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
____ the willingness to buy a good or service and the ability to pay for it
law of diminishing marginal utility
compliment
demand
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Definition: When price increases, demand decreases. When price decreases, demand increases.
law of demand
direct relationship
market demand
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
_____ is a listing of how much of an item an individual is willing to purchase at each price.
inferior good
market demand schedule
demand schedule
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
____ a listing of how much of an item all consumers are willing to purchase at each price.
market demand schedule
demand schedule
demand
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
____ graphically shows the data from a market demand schedule.
demand graph
market demand curve
Productions Possibilities Curve
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Definition: The marginal benefit of using each additional unit of a product during a given time period will decline.
law of diminishing marginal utility
law of diminishing opportunity cost
marginal cost and marginal benefit
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