Topics of this game:
- A MARKET IS AN INTERACTION BETWEEN BUYERS AND SELLERS OF TRADING OR EXCHANGE.
- IS THE MOST COMMON TYPE OF MARKET BECAUSE IT IS WHERE BUY CONSUMERS GOODS
- IS WHERE WORKERS OFFER SERVICES AND LOOK FOR JOBS AND WHERE EMPLOYERS LOOK FOR WORKERS TO HIRE.
- WHICH INCLUDES THE STOCK MARKET WHERE SECURITIES OF CORPORATIONS ARE TRADED
- The inverse relationship between price and quantity demanded of a good is known as the law of demand and is typically represented by a downward slopin
- a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time.
- the change in the consumption of goods based on income. This means consumers will generally spend more if they experience an increase in income, and
- the decrease in sales for a product that can be attributed to consumers switching to cheaper alternatives when its price rises.
- states that quantity purchased with price. In other words, the higher the price, the lower the quantity demanded.
- a Latin phrase that generally means "all other things being equal."
