Statistics for Law of Demand Definitions

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Hint	Answer	% Correct
'Holding everything as the same'	Ceteris Paribus	100%
How much a product or service is wanted, based on quantity and cost	Demand	100%
The intercept of Quantity Supplied and Quantity Demanded on a Demand graph	Equilibrium	100%
High Quantity (demanded) + Low cost = High Demand, and vice versa	Law of Demand	100%
Limited Resources, like skills, income, and time	Means	100%
Next best spending alternative given up	Opportunity Cost	100%
Of shortage, or of limited supply, affecting economic and personal value	Scarcity	100%
Beliefs or ideas that influence our decisions	Values	100%
Things that you are willing and able to buy, or don't necessarily need	Wants	100%