Matching Pairs MicroeconomicsOnline version Matching game for AP Microeconomics by caroline kinder 1 Substitutes 2 Law of Demand 3 Supply and Demand Model 4 Demand curve 5 Change in demand 6 Complements 7 Quantity demanded 8 Competitive Market 9 Demand Schedule 10 Normal good if a rise in the price of one of the goods leads to a decrease in the demand for the other good a model of how a competitive market works 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 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 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. the actual amount of a good or serviced consumers are willing to buy at some specific price point. if a rise in the price of one of the goods leads to an increase in the demand for the other good a graphical representation of the demand schedule. It shows the relationship between quantity demanded and price.
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