Chapter 4 Vocabulary

Define each word on p. 28 in your notebook.

1. Demand
2. Demand schedule
3. Demand curve
4. Law of Demand
5. Market Demand Curve
6. Marginal Utility
7. Inversely
8. Change in quantity demand
9. Change in demand
10. Elasticity
11. Demand elasticity
12. Inelastic
13. Elastic
14. adequate