Matching Pairs MicroeconomicsOnline version Matching game for AP Microeconomics by caroline kinder 1 Quantity demanded 2 Demand Schedule 3 Substitutes 4 Change in demand 5 Law of Demand 6 Competitive Market 7 Complements 8 Supply and Demand Model 9 Normal good 10 Demand curve the actual amount of a good or serviced consumers are willing to buy at some specific price point. a graphical representation of the demand schedule. It shows the relationship between quantity demanded and price. A market in which there are many buyers and sellers of the same good or service, none of whom can influence the price at which the good or service is sold. if a rise in the price of one of the goods leads to an increase in the demand for the other good if a rise in the price of one of the goods leads to a decrease in the demand for the other good a shift of the demand curve, which changes the quantity demanded at any given price shows how much of a good or service consumers will be willing and able to buy at different prices. a model of how a competitive market works a higher price for a good or service, all other things being equal, leads people to demand a smaller quantity of that good or service. when a rise in income increases the demand for a good
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