Download Would You Demand It?

Would You Demand It?
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3. As income increases, the demand for this type of good
decreases.
1. Movements __________ the demand curve illustrate
the law of demand.
6. Goods that can replace one another, such as butter
and margarine.
2. Goods that go together, like tennis rackets and tennis
balls.
7. The law of demand states that quantity demanded
increases as ______decreases.
4. A ___________ in the demand curve can result from
changes in consumer preference, income, prices of
related goods, number of buyers, and beliefs about the
future.
8. ________________ demanded is the amount of a
good or service demanded at a particular price .
10. Expanding into foreign markets ___________ both
the number of buyers and the demand for goods and
services.
11. As income increases, the demand for this type of
good increases.
5. _________ expectations of price and income can
affect the present demand for goods and services.
9. An outbreak of mad cow disease ___________ the
demand for beef, because consumers bought less meat.
12. Being able and willing to buy a good or service.
Copyright - Council for Economic Education