"Consider the case of Will who paid $15 to see a movie, but after watching the film for 20 minutes he knows that it’s truly terrible. Should he stay and watch the rest of the movie because he paid $15, or should he leave?" In your answer, explain what the term used by economists to describe this specific problem if he decides to leave. Is there an opportunity cost to going to the movies?

1. demand terminology complete the following table by selecting the term that matches each definition. definition quantity demanded demand curve demand schedule law of demand a graphical object showing the relationship between the price of a good and the amount of the good that buyers are willing and able to purchase at various prices the amount of a good that buyers are willing and able to purchase at a given price a table showing the relationship between the price of a good and the amount that buyers are willing and able to purchase at various prices the claim that, with other things being equal, the quantity demanded of a good falls when the price of that good rises apply your understanding of the previous key terms by completing the following scenario with the appropriate terminology. your coworker becky is really concerned about a project that she has just been assigned. she is in charge of analyzing and determining conditions in the market for televisions from an extensive sales report. if becky's boss is interested in a graphical representation of the relationship between the pric