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Java Games: Flashcards, matching, concentration, and word search. |
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| Buyer’s market | The best time for consumers to buy; characterized by large supply, small demand, and low prices |
| Buying power | The amount of money available |
| Equilibrium | The point at which the quantity supplied is equal to the quantity demanded |
| Consumer buying power | Cash and credit a consumer has available to spend |
| Demand | The quantity of a good or service that buyers are ready to buy at a given price at a particular time |
| Elastic demand | A form of demand for products in which changes in price correspond to changes in demand |
| Elasticity | An indication of how changes in price will affect changes in the amounts demanded and supplied |
| Cost of production | The total amount of money spent on costs of materials, labor, taxes, etc., to manufacture economic goods and services |
| Complementary goods | Products that are used together (e.g., skirts and blouses, ski boots and skis, software and computers) |
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Business Marketing Teacher, Career Technical Education |
CENTRAL CABARRUS HIGH SCHOOL |
| Concord, NC |
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