Chapter 21
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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show | the desire or willingness and ability to buy a good or service
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show | a table that lists the various quantities of a product or service that someone is willing to buy over a range of prices
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show | quantity demanded and price move in opposite direction
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show | the total demand of all consumers for their product or service
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show | meaning of pleasure, usefullness, or satisfaction we get from using a product
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marginal utility | show 🗑
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substitute | show 🗑
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complement | show 🗑
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show | the extent to which a change in price causes a change in the quantity demanded
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supply | show 🗑
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law of supply | show 🗑
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supply schedule | show 🗑
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show | a graph that shows the amount of a product that woul dbe supplied at all possbile prices of a market
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profit | show 🗑
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market supply | show 🗑
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productivity | show 🗑
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show | the methods or processes used to make goods and services
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subsidy | show 🗑
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supply elasticity | show 🗑
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show | a graph that shows the amount of a product that would be bought at all possible prices in the market
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Surplus | show 🗑
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shortage | show 🗑
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equilibrium price | show 🗑
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price ceiling | show 🗑
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price floor | show 🗑
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show | lowest legal wage that can be paid to the most U.S. workers
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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