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1 Chap 3,4  Vocabulary Law of Demand 1 Chap 3,4  Vocabulary Law of Demand

1 Chap 3,4 Vocabulary Law of Demand - PowerPoint Presentation

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1 Chap 3,4 Vocabulary Law of Demand - PPT Presentation

Normal goods Inferior goods Substitute goods Complementary goods Law of Supply Demand Schedule Demand Curve Substitution effect Income effect Determinants of Demand Shortage or excess demand ID: 704877

demand price quantity supply price demand supply quantity curve market equilibrium change increase good demanded supplied goods decreases individual income increases buy

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