1. The amount that the quantity that
buyers are willing and able to buy at
various prices.
521
43
Time’s up
A. SUPPLY
C. MARKET
B.
DEMAND
B. DEMAND
D. EQUILIBRIUM
2. It is where the consumers buys
and the sellers sells.
521
43
Time’s up
A. SUPPLY
C. MARKET
C.
MARKET
B. DEMAND D. EQUILIBRIUM
3. This refers to the relationship that a
higher price leads to a lower quantity
demanded.
521
43
Time’s up
A. MARKET SUPPLY
B. MARKET
DEMAND
C.
LAW
OF
DEMAND
C. LAW OF DEMAND
D. MARKET EQUILIBRIUM
4. It is the point where demand and
supply intersect.
521
43
Time’s up
A. EQUILIBRIUM
B. INCOME
EFFECT
A.
EQUILIBRIUM
C. SUPPLY
D. DEMAND
5. When price of a commodity goes
up, the demand goes down.
521
43
Time’s up
A. PRODUCTION COSTS
B. DETERMINANTS
OF
SUPPLY
D.
LAW
OF
DEMAND
C. LAW OF SUPPLY
D. LAW OF DEMAND