Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Name: Date: TERM DEFINITION Demand Demand Schedule Demand Curve Law of Demand Market Demand Utility Diminishing Marginal Utility Substitute Complement Demand Elasticity Explain: What is the term for a line plotted on a graph showing the quantities demanded of a good or service at each possible price? Explain: According to the law of demand, what would happen in a situation in which the average price of concert tickets rose from $40 to $80? Making Predications: You sell popcorn during your school’s football games. Knowing that people usually buy more when the price is lower, how would you price your popcorn after halftime?