Economics Quiz 2

Quantity demanded

Demand

Demand schedule

Demand Curve

Market demand

Change in demand

Substitute

Complement

Normal good

Inferior good

Change in the quantity demanded

Quantity supplied

Supply schedule

Supply curve

Market supply

Change in supply

Substitute in production

Complement in production

Change in the quantity supplied

Market equilibrium

Equilibrium price

Equilibrium quantity

Price elasticity of demand

Elastic demand

Unit elastic demand

Perfectly elastic demand

Perfectly inelastic demand

Total revenue

Total revenue test

Price elasticity of supply

Elastic supply

Inelastic supply

Cross elasticity of demand

Income elasticity of demand

Quantity demanded

Demand

Demand schedule

Demand Curve

Market demand

Change in demand

Substitute

Complement

Normal good

Inferior good

Change in the quantity demanded

Quantity supplied

Supply schedule

Supply curve

Market supply

Change in supply

Substitute in production

Complement in production

Change in the quantity supplied

Market equilibrium

Equilibrium price

Equilibrium quantity

Price elasticity of demand

Elastic demand

Unit elastic demand

Perfectly elastic demand

Perfectly inelastic demand

Total revenue

Total revenue test

Price elasticity of supply

Elastic supply

Inelastic supply

Cross elasticity of demand

Income elasticity of demand