Ch 3 Flashcards
(29 cards)
1
Q
Demand
A
2
Q
Demand Schedule
A
3
Q
Law of Demand
A
4
Q
Diminishing Marginal Utility
A
5
Q
Income Effect
A
6
Q
Substitution Effect
A
7
Q
Demand Curve
A
8
Q
Determinants of Demand
A
9
Q
Normal Goods
A
10
Q
Inferior Goods
A
11
Q
Substitute Goods
A
12
Q
Complementary Good
A
13
Q
Change in Demand
A
14
Q
Change in Quantity Demanded
A
15
Q
Supply
A
16
Q
Supply Schedule
A
17
Q
Law of Supply
A
18
Q
Supply Curve
A
19
Q
Determinants of Supply
A
20
Q
Change in Supply
A
21
Q
Change in Quantity Supplied
A
22
Q
Equilibrium Price
A
23
Q
Equilibrium Quantity
A
24
Q
Surplus
A
25
Shortage
26
Productive Efficiency
27
Allocative Efficiency
28
Price Ceiling
29
Price Floor
