law of demand
graph
demand curve
capable of being put in place of one another
interchangeable
complementary goods
goods that are used with each other, example: cars and tires
a diagram that shows the relationship between two or more sets of things
states that consumers will buy more of a G or S as the price goes down
income
the amount of a G’s & S’s that consumers are willing to buy at different prices
goods that can take the place of one another
demand
the amount of money that a person makes in a certain period of time
a line that represents the amount of G& S consumers will buy at different prices
substitute goods