1 Flashcards
1
Q
Demand curve
A
A graph showing the relationship between the price of a good and the quantity demanded
2
Q
Demand schedule
A
A table showing the relationship between the price of a good and the quantity demanded
3
Q
Law of demand
A
Is the claim that other things being equal and the quantity demanded of s good falls when the price of that good rises
4
Q
Quantity demanded
A
The amount of the good that buyers are willing and able to purchase at a given price
