3. $100 $400 $300$200$400 $200$100$100$400 $200$200$500 $500$300 $200$500 $100$300$100$300 $500$300$400$400$500

4. Demand

5. Supply

6. Prices

7. Market Structures

8. Market Regulation

9. Demand Supply Prices Market Structure Market Regulation $100 $300 $200 $400 $500

10. Demand - $100 The definition of the Law of Demand.

11. Demand - $200 The tendency of consumers to buy a lower priced product instead of a more expensive one.

12. Demand - $300 The satisfaction received from consuming each additional unit declines.

13. Supply - $400 Goods that are commonly used with other goods.

14. Demand - $500 Exists when a change in price of a good has little impact in the quantity demanded.

15. Supply - $100 States that producers provide more goods and services at higher prices than at lower prices.

16. Supply - $200 Exists when a small change in price causes a major change in the quantity supplied.

17. Supply - $300 Non-price factors that can cause the shift of the entire supply curve.

18. Supply - $400 Direction of change of the supply curve with an increase in taxes.

19. Supply - $500 Direction of change of the supply curve with the introduction of new technology.

20. Prices - $100 The price that occurs where the quantity supplied and the quantity demanded are equal.

21. Prices - $200 Exists when the quantity supplied exceeds the quantity demanded.

22. Prices - $300 A government regulation that establishes a maximum price for a particular good.

23. Prices - $400 System in which a government or other institution decides how to distribute a product.

24. Prices - $500 The result of a price ceiling.

25. Market Structure - $100 Ideal market structure that has many buyers and many sellers.

26. Market Structure - $200 This market structure one has one seller.

27. Market Structure - $300 This market structure has a few large sellers that control most of the production of a good.

28. Market Structure - $400 This kind of monopoly occurs because of economies of scale.

29. Market Structure - $500 Sellers differentiate their products through non-price competition.

30. Market Regulation - $100 This is the incentive of sellers in a market economy.

31. Market Regulation - $200 This means “let the people do as they will” or “leave them alone” in French.

32. Market Regulation - $300 This was created to oversee the railroads in 1887.

33. Market Regulation - $400 What is the practice of offering different prices to different customers under the same circumstances.

34. Market Regulation - $500 This Act was the foundation of U.S. antitrust legislation prohibiting the restraint of trade and the formation of monopolies.

35. Demand - $100 WHAT IS PRICE IS INVERSELY RELATED TO DEMAND? AS PRICE GOES UP, DEMAND GOES DOWN

36. Demand - $200 WHAT IS THE SUBSTITUTION EFFECT?

37. Demand - $300 WHAT IS DIMINISHING MARGINAL UTILITY?

38. Demand - $400 WHAT ARE COMPLEMENTARY GOODS?

39. Demand - $500 WHAT IS INELASTIC DEMAND?

40. Supply - $100 WHAT IS THE LAW OF SUPPLY?

41. Supply - $200 WHAT IS ELASTIC SUPPLY?

42. Supply - $300 WHAT ARE DETERMINANTS OF SUPPLY?

43. Supply - $400 WHAT IS LEFT? A NEGATIVE SHIFT

44. Supply - $500 WHAT IS RIGHT? POSITIVE SHIFT

45. Price - $100 WHAT IS EQUILIBRIUM PRICE?

46. Price - $200 WHAT IS A SURPLUS?

47. Price - $300 WHAT IS A PRICE CEILING?

48. Price - $400 WHAT IS RATIONING?

49. Price - $500 WHAT IS A SHORTAGE?

50. Market Structure - $100 WHAT IS PERFECT COMPETITION?

51. Market Structure - $200 WHAT IS A MONOPOLY?

52. Market Structure - $300 WHAT IS AN OLIGOPOLY?

53. Market Structure - $400 WHAT IS A NATURAL MONOPOLY?

54. Market Structure - $500 WHAT IS MONOPOLISTIC COMPETITION?

55. Market Regulation - $100 WHAT IS PROFIT?

56. Market Regulation - $200 WHAT IS LAISSEZ FAIRE?

57. Market Regulation $300 WHAT IS THE INTERSTATE COMMERCE ACT?

58. Market Regulation - $400 WHAT IS PRICE DISCRIMINATION?

59. Market Regulation - $500 WHAT IS THE SHERMAN ANTITRUST ACT OF 1890?

61. BUSINESS ORGANIZATIONS

62. FINAL JEOPARDY THE KIND OF BUSINESS ORGANIZATION THAT COMPRISES 74% OF ALL BUSINESSES IN THE U.S.

63. WHAT ARE SOLE PROPRIETORSHIPS? FINAL CATEGORY