How Prices are Determined Flashcards by Henry Greenfield | Brainscape

Q

What is Demand?

A

The quantity of a good or service that consumers are willing and able to buy at given prices
over a given period of time.

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What is the trend in the Demand Curve?

A

As the products Price increases, Quantity demanded decreases.

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

A

How well did you know this?

1

Not at all

2

3

4

5

Perfectly