Ch. 3 - Demand and Supply Flashcards
(21 cards)
0
Q
Change in supply, 59
A
A
1
Q
Change in demand, 54
A
A
2
Q
Change in the quantity demanded, 57
A
A
3
Q
Change in the quantity supplied, 60
A
A
4
Q
Competitive market, 52
A
A
5
Q
Complement, 55
A
A
6
Q
Demand, 53
A
A
7
Q
Demand curve, 54
A
A
8
Q
Equilibrium price, 63
A
A
9
Q
Equilibrium quantity, 62
A
A
10
Q
Inferior good, 56
A
A
11
Q
Law of demand, 53
A
A
12
Q
Law of supply, 58
A
A
13
Q
Money price, 52
A
A
14
Q
Normal good, 56
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A
15
Q
Quantity demanded, 53
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A
16
Q
Quantity supplied, 58
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A
17
Q
Relative price, 52
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A
18
Q
Subsitute, 55
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A
19
Q
Supply, 58
A
A
20
Q
Supply curve, 58
A
A
