Economics Chapter 20 Demand

Matching Exercise

Match the items on the right to the items on the left.

the desire, willingness, and ability to buy a good or service
a table that lists the various quantities of a product or service that someone is willing to buy over a range of possible prices
a graph that shows the amount of a product that would be bought at all possible prices in the market
according to this law, quantity demanded and price move in opposite directions
the total demand of all consumers for their product or service
the pleasure, usefulness, or satisfaction we get from using the product
the principle that our additional satisfaction, or our marginal utility, tend to go down as more and more units are consumed
consumers can use one product/service in place of another
when products can be used together
the extent to which a change in price causes a change in the quantity demanded