econ 202 ole miss midterm
Study online at https://quizlet.com/_cwrvcn
1. quantity demanded shows up as movement on
the demand curve
2. quantity supplied shows up as a movement
on the supply curve
3. demand shows up as a shift of the
demand curve
4. demand represents the choice
making behavior of buyers
5. Supply shows up as a shift of the
supply curve
6. right regardless of a shift or
movement, an increase
means which direction?
7. left regardless of a shift or
movement, a decrease
means which direction?
8. law of demand says that there is an
inverse relationship be-
tween price and quantity
demanded
9. inverse relationship Two variables move in op-
posite directions. If one in-
creases the other decreas-
es; and if one decreases
the other increases.
1/4
Study online at https://quizlet.com/_cwrvcn
1. quantity demanded shows up as movement on
the demand curve
2. quantity supplied shows up as a movement
on the supply curve
3. demand shows up as a shift of the
demand curve
4. demand represents the choice
making behavior of buyers
5. Supply shows up as a shift of the
supply curve
6. right regardless of a shift or
movement, an increase
means which direction?
7. left regardless of a shift or
movement, a decrease
means which direction?
8. law of demand says that there is an
inverse relationship be-
tween price and quantity
demanded
9. inverse relationship Two variables move in op-
posite directions. If one in-
creases the other decreas-
es; and if one decreases
the other increases.
1/4
