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Unit 2 Chapter 3

QuestionAnswer
Law of Demand The economic law which states that consumers will by more of a good or service as the price goes down.
Income The amount of money that a person makes in a certain period of time.
Substitute Goods Goods that can take the place of one another.
Interchangeable Capable of being used in place of one another.
Complementary Goods Goods that are used with each other, such as cars and tires.
Demand Curve The line on a graph that represents the amount of a good or service that consumers will buy at different prices.
Style How a system provides goods and services.
Created by: Drew_St
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