Question

Match these items. Match the items in the left column to the items in the right column. 1. complements people whose wants are satisfied by using goods and services 2. consumer more supply than needed 3. demand goods that go together 4. demand schedule price where quantity supplied equals quantity demanded 5. equilibrium price table that shows the relationship between price and demanded 6. excess demand willing and able to consume 7. excess supply more demand than needed

Answer 1

1 complements. goods that go together
2 consumer. people whose wants are satisfied by using goods and services
3 demand. willing and able to consume
4 demand schedule. table that shows the relationship between price and demanded
5 equilibrium. price where quantity supplied equals quantity demanded
6 excess demand. more demand than needed
7 excess supply. more supply than needed