Demand elasticity is the extent to which a change in price causes a change in the quantity demanded.

Demand is elastic when a given change in price causes a relatively smaller change in quantity demanded.

The sole determinant of elasticity is the answer to the question: Can the purchase be delayed?

Prices for common vegetables tend to be elastic because

Which term refers to a changing price that causes a proportional change in total revenue?

For which product is demand likely to be the most elastic?

Demand is the desire, __________________, and ability to buy a product or service.

This is the motivating influence that cause an individual to take action in an economy.

As people use more and more of a product, they encounter decreasing usefulness which is

The demand curve is best described as

When the price of something increases, the quantity demanded

Consider the term marginal utility, which word is the best synonym for marginal?

Why is a demand curve downward sloping?

Why is the Law of Demand called a "law"?

movement along the demand curve showing that a different quantity is purchased in response to a change in price

portion of a change in quantity demanded caused by a change in consumer income when the price of a product changes.

different amounts demanded at every price, causing the demand curve to shift to the left or right

products related in such a way that an increase in the price of one increases the demand for the other

Products related in such a way that an increase in the price of one reduces the demand of the other.

A change in the quantity demanded is represented by

What is the main cause of a change in quantity demanded

What is the relationship between income and demand?

Which of the following replaces a costly item with a less costly one

Which is a likely complement to a tablet computer (IPad, et.)