Match the word with the closest definition Column A
1.
Demand:
Demand
2.
Incentive:
Incentive
3.
Law of Demand:
Law of Demand
4.
Change in Demand:
Change in Demand
5.
Substitutes:
Substitutes
6.
Complements:
Complements
7.
Demand Elasticity:
Demand Elasticity
8.
Inelastic:
Inelastic
9.
Demand Curve:
Demand Curve
10.
Marginal Utility:
Marginal Utility
Column B
a. Different amounts of a product are demanded at every price - curve shifts left or right
b. The extra usefulness a person gets from acquiring one more unit of a product.
c. Price change causes a small change in quantity demanded
d. Graph that shows the quantity demanded at every possible price
e. Competing products can be used in place of one another
f. How much does a price change impact demand?
g. Products related so that a price increase on one changes the demand for both,
h. A motivating influence that causes a person to act
i. Quantity demanded varies inversely with price
j. The amount of product someone is willing and able to buy over a range of prices