Market Structure - $100
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Demand
Supply
Prices
Market
Structures
Market
Regulation
Demand
Supply
Prices
Market
Structure
Market
Regulation
Demand - $100
The definition of the Law of
Demand.
Demand - $200
The tendency of consumers to buy a lower priced product instead of a more expensive one.
Demand - $300
The satisfaction received from consuming each additional unit declines.
Supply - $400
Goods that are commonly used with other goods.
Demand - $500
Exists when a change in price of a good has little impact in the quantity demanded.
Supply - $100
States that producers provide more goods and services at higher prices than at lower prices.
Supply - $200
Exists when a small change in price causes a major change in the quantity supplied.
Supply - $300
Non-price factors that can cause the shift of the entire supply curve.
Supply - $400
Direction of change of the supply curve with an increase in taxes.
Supply - $500
Direction of change of the supply curve with the introduction of new technology.
Prices - $100
The price that occurs where the quantity supplied and the quantity demanded are equal.
Prices - $200
Exists when the quantity supplied exceeds the quantity demanded.
Prices - $300
A government regulation that establishes a maximum price for a particular good.
Prices - $400
System in which a government or other institution decides how to distribute a product.
Prices - $500
The result of a price ceiling.
Market Structure - $100
Ideal market structure that has many buyers and many sellers.
Market Structure - $200
This market structure one has one seller.
Market Structure - $300
This market structure has a few large sellers that control most of the production of a good.
Market Structure - $400
This kind of monopoly occurs because of economies of scale.
Market Structure - $500
Sellers differentiate their products through non-price competition.
Market Regulation - $100
This is the incentive of sellers in a market economy.
Market Regulation - $200
This means “ let the people do as they will
” or “ leave them alone
” in
French .
Market Regulation - $300
This was created to oversee the railroads in 1887.
Market Regulation - $400
What is the practice of offering different prices to different customers under the same circumstances.
Market Regulation - $500
This Act was the foundation of U.S. antitrust legislation prohibiting the restraint of trade and the formation of monopolies.
Demand - $100
WHAT IS PRICE IS INVERSELY
RELATED TO DEMAND?
AS PRICE GOES UP, DEMAND GOES DOWN
Demand - $200
WHAT IS THE SUBSTITUTION
EFFECT?
Demand - $300
WHAT IS DIMINISHING
MARGINAL UTILITY?
Demand - $400
WHAT ARE COMPLEMENTARY
GOODS?
Demand - $500
WHAT IS INELASTIC
DEMAND?
Supply - $100
WHAT IS THE LAW OF
SUPPLY?
Supply - $200
WHAT IS ELASTIC SUPPLY?
Supply - $300
WHAT ARE DETERMINANTS
OF SUPPLY?
Supply - $400
WHAT IS LEFT?
A NEGATIVE SHIFT
Supply - $500
WHAT IS RIGHT?
POSITIVE SHIFT
Price - $100
WHAT IS EQUILIBRIUM PRICE?
Price - $200
WHAT IS A SURPLUS?
Price - $300
WHAT IS A PRICE CEILING?
Price - $400
WHAT IS RATIONING?
Price - $500
WHAT IS A SHORTAGE?
Market Structure - $100
WHAT IS PERFECT
COMPETITION?
Market Structure - $200
WHAT IS A MONOPOLY?
Market Structure - $300
WHAT IS AN OLIGOPOLY?
Market Structure - $400
WHAT IS A NATURAL
MONOPOLY?
Market Structure - $500
WHAT IS MONOPOLISTIC
COMPETITION?
Market Regulation - $100
WHAT IS PROFIT?
Market Regulation - $200
WHAT IS LAISSEZ FAIRE?
Market Regulation $300
WHAT IS THE INTERSTATE
COMMERCE ACT?
Market Regulation - $400
WHAT IS PRICE
DISCRIMINATION?
Market Regulation - $500
WHAT IS THE SHERMAN
ANTITRUST ACT OF 1890?
BUSINESS
ORGANIZATIONS
FINAL JEOPARDY
THE KIND OF BUSINESS
ORGANIZATION THAT
COMPRISES 74% OF ALL
BUSINESSES IN THE U.S.
FINAL CATEGORY
WHAT ARE SOLE
PROPRIETORSHIPS?
