acct basics

Xbox allows individuals to connect and play games together. As more people use the Xbox, individuals receive more benefits. This is called _____.

network effects

A change in the _____ is the change in quantity associated with the movement along a _____ curve.

A change in the _____ is the change in quantity associated with the movement along a _____ curve. Please choose the correct answer from the following choices, and then select the submit answer button. Answer choicesprice; fixed demand

Which of these steps is NOT a step of figuring out market demand curves?

For each quantity, add up the total prices demanded by your customers.

Your individual demand curve is a graph summarizing your _____ plans, and how they vary with the _____

buying; price

When the demand _____ for a complement, this will cause the demand for the complementary good to decrease causing the _____ to shift to the left.

decreases demand

Inferior goods are those where you're "making do," and when your income rises, you'll shift to a _____, but _____ expensive alternative, instead.

higher-quality; more

A graph that plots the quantity of an item that an individual buyer plans to purchase at each price is a(n) _____ curve.

individual demand

When you go to the store and see an item on sale for $3 instead of $5, according to the _____ you know that your _____ will be higher if the price is lower.

law of demand; quantity demanded

A change in price causes a _____ the demand curve, yielding a change in the _____.

movement along; quantity demanded

Satellite TV and cable TV have been rivals for years. These two products are known as _____.

substitutes

The market demand curve is a graph plotting the:

total quantity of an item demanded by the entire market, at each price.