_________________is the different quantities of goods that consumers are willing and able to buy at different prices. - Demand, ____________ are goods used in place of one another - Substitutes, _______________ are two goods that are bought and used together - Complements, The law of demand states- when the price increases, the quantity demanded will ___________. When the price decreases, the quantity demanded will _______________. - decrease, increase, What would not shift the demand curve? - price, If Speedway gas charges ten cents less per gallon, what will happen to the demand for Marathon gas? - Shift left/Decrease, If the price of syrup decreases, the demand for pancakes will: - shift right/increase, Seafood is a normal good. What happens to the demand for seafood if incomes in the area increase? - shift right/increase,
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Demand Practice
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