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Topics of this game:
- What is a good that our demand increases for when our income increases?
- Nike is working to determine what styles are currently in demand amongst teenagers. Which determinant of demand is this?
- What are the determinants of Demand?
- Your ________ to pay for something reflects your ________ for that item.
- Which concept relate to people swapping a more expensive item for a less expensive one?
- What are the determinants of Supply?
- What is the relationship between supply and demand?
- Which concept below matches the definition, "amount of goods available"?
- What is the Law of Supply?
- What possibly occurs when a new business enters the market?
- Select the concept below that relates to "food" *Hint: food you buy/eat*
- Which determinant of supply is SIMILAR but not 100% the SAME as the determinant of demand, Consumer Expectations?
- What is the motive for production?
- How can you find the percentage change for elasticity if I DO NOT give you the percents?
- Which of the following forms of elasticity is considered short-term?
- Which of the following has the definition of "costs that don't change (rent, property taxes)"?
- What is the marginal product of labor?
- What is the "equation" that relates to profit when discussing supply?
- If we are discussing the ELASTICITY of DEMAND, which "type" relates to consumers continuing to buy in spite of price changes?
- The ______ of demand determines how much income a business will bring in when prices change.
