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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 |