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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| demand | show 🗑
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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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| market demand | show 🗑
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| utility | show 🗑
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| marginal utility | show 🗑
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| show | competing products
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| show | products used together
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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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| show | as the price rises for a good, the quantity supplied rises. As the price falls the quantity supplied also falls
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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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| show | the supply of all the businesses that produce the same good or service over and above its costs
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| productivity | show 🗑
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| technology | show 🗑
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| subsidy | show 🗑
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| show | responsivness of quantity supplied to a change in price
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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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| show | situation in which quantity supplied is greater than quantity demanded
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| show | situation in which quantity demanded is greater than quantity supplied
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| show | the price at which the amount producers are whiling to supply is equal to the amount consumers are whiling to buy
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| show | maximum price that can be charged for goods and services, set by the government
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| price floor | show 🗑
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| minimum wage | show 🗑
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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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Created by:
sierraellis
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