'Substitute good' presentation slideshows

Economics Mr. Kirby CHS Unit 2 : Lesson 7

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Prices

Prices . Money price - The monetary price of a good or service at any point in time. Relative price - The price of any commodity in terms of another commodity. Bartering +. What is Demand?. Demand .

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Economics 111.3 Winter 14

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Demand Graphs

Demand Graphs. How do they change?. Do demand and supply graphs stay the same or do they change?. Answer: They Change! But why?. Lots of things can change a supply or demand graph Prices for the goods and services can change

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Correct Answer- B, C

1. The market for apples is in equilibrium. A shock occurs that causes the price of an apple to rise and the quantity of apples bought and sold to fall. Which of the following is a correct statement regarding the apple market? a) The price of bananas, a substitute good of apples, increased.

171 views • 7 slides