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Identify and name a simple alkyl halide.
Downward-sloping Demand Curve
A graph showing that the quantity demanded of a good or service varies inversely with its price, other things being equal.
Equilibrium Price
The price at which the quantity of a product demanded by consumers equals the quantity supplied by producers.
Consumer Surplus
The divergence between the total payment consumers are willing to make for a product or service and what they really pay.
Demand Increase
A situation where consumers are willing and able to purchase more of a product or service at each price level, often caused by changes in tastes, income, or prices of related goods.
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