Vocabulary Flashcards and Quiz of Negotiating Team Terms in Economic Discussion – English for Economist – Medium Level

Elasticity
How much supply or demand changes with price
Demand
How much customers want a product
Supply
How much product is available
Equilibrium
A balanced state between two forces
Graph
A picture showing data or information

Click a card to flip it and reveal the meaning.

2. Match the words with their meanings
Elasticity
Demand
Supply
Equilibrium
Graph
How much supply or demand changes with price
How much product is available
A picture showing data or information
How much customers want a product
A balanced state between two forces

Drag the cards on the right so each lines up with the correct item on the left.

3. What does “Elasticity” mean?
4. What does “Demand” mean?
5. What does “Supply” mean?
6. What does “Equilibrium” mean?
7. What does “Graph” mean?

Practice more with this lesson:


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