Demand Review

2. Designer handbags are an example of this good, which people buy more of as their income increases
6. Hotdogs & Hotdog buns are an example of this type of good.
7. Plotting a demand schedule on a graph creates a demand ___.
8. Determine the supply side of the market, made up of firms that produce and sell goods and services.
11. Market type that includes wood and other raw materials used in production.
13. Direction demand shifts for winter coats when colder weather hits

1. The amount of money paid for a product or service.
3. Market where land, labor, and capital are bought and sold
4. This group includes firms that purchase raw materials. Determine the demand side of the market.
5. Ramen noodles are an example of this good, which people buy less of as their income increases
9. A demand ______ Illustrates the connection between price and the amount a person is willing and able to purchase. Creates the demand curve.
10. Direction the demand curve shifts when demand decreases
12. A place where goods and services are bought and sold.