Demand, Supply and Equilibrium
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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| Law of Demand | show 🗑
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| show | as a person increases consumption of one product, while keeping consumption of other products constant, marginal Utility from the one product will decrease.
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| consumer surplus | show 🗑
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| show | If the price of good A rises, (Qd falls) and demand for good B falls, the two goods are considered _________________.
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| show | If the price of good A rises, (Qd falls) and demand for good B rises, the two goods are considered _________________.
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| demand elasticity | show 🗑
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| law of supply | show 🗑
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| diminishing marginal returns | show 🗑
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| consumer maximization | show 🗑
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| show | where quantity demanded by consumers and quantity supplied by producers are equal.
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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:
doug.stan
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