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Social Studies - Economics: Supply and Demand
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Social Studies - Economics: Supply and Demand
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25 Questions

1. Normal goods vs inferior goods

2. Price floor

3. Law of Supply

4. Factors leading to a change of demand (non-price) - Factors of demand which cause the entire line to shift

5. supply schedule

6. Supply

7. Disequilibrium

8. complementary goods

9. demand curve

10. A demand schedule shows

11. substitution effect

12. Surplus

13. normal goods (superior goods)

14. Shortage

15. elastic demand

16. Inferior goods

17. Law of Demand

18. supply curve

19. elasticity of demand

20. individual demand schedule

21. income effect

22. inelastic demand

23. price ceiling

24. direct relationship

25. subsidy

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