Micro 2.1-The Law of Demand Video Choice
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Last updated over 1 year ago
10 questions
1
There is an inverse relationship between price and demand.
There is an inverse relationship between price and demand.
1
When the price goes up, the quantity demand goes down.
When the price goes up, the quantity demand goes down.
1
Which of the 3 reasons for downward sloping demand have we already discussed in this class? (Think back to unit 1).
Which of the 3 reasons for downward sloping demand have we already discussed in this class? (Think back to unit 1).
1
Make a rough sketch of the demand curve. Make sure you label both axis and the curves.
Make a rough sketch of the demand curve. Make sure you label both axis and the curves.
1
Match the following....
Match the following....
| Draggable item | arrow_right_alt | Corresponding Item |
|---|---|---|
Shift in the demand curve | arrow_right_alt | Change in demand |
Movement along the demand curve | arrow_right_alt | Change in quantity demand |
1
There is an inverse relationship between price and demand.
There is an inverse relationship between price and demand.
1
When the price goes up, the quantity demand goes down.
When the price goes up, the quantity demand goes down.
1
Make a quick sketch of the demand curve.
Make a quick sketch of the demand curve.
1
When employing ceteris paribus, when it comes to quantity demand, the only factor you should consider is _______ . (1 word)
1
The definition of a buyer of a house is someone who is willing and _______. (1 word)