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Chapter 21
definitions
Question | Answer |
---|---|
demand | |
demand schedule | |
demand curve | |
law and demand | |
market demand | |
utility | |
marginal utility | |
substitute | |
complement | |
demand elasticity | |
supply | |
law of supply | |
supply schedule | |
supply curve | |
profit | |
market supply | |
productivity | |
technology | |
subsidy | |
supply elasticity | |
surplus | |
shortage | |
equalibrium price | |
price ceiling | |
price floor | |
minimum wage |