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V. Match the terms on the left with their Ukrainian equivalents on the right.

  1. active demand

a. завищені вимоги

  1. aggregate demand

b. прогнозування попиту

  1. be in a good demand

c. товари, які користуються великим попитом

  1. cash demand

d. постійний попит

  1. consumer demand

e. пожвавлений попит

  1. declining demand

f. безстроковий вклад

  1. demand deposit

g. користуватися великим попитом

  1. demand distribution

h. сукупний попит

  1. demand forecasting

i. споживчий попит

  1. demand price

j. товари, які користуються незначним попитом

  1. fixed demand

k. загальний об'єм попиту

  1. on demand

l. вимога про скорочення робочого часу

  1. poor demand

m. ціна, яку готові заплатити покупці

  1. time-off demand

n. вимога готівки

  1. total demand

о. розподіл попиту

  1. steep demands

р. попит, що зменшується

  1. high-demand items

q. невеликий попит

  1. low-demand items

r. на вимогу

VI. Answer the following questions.

  1. What is demand?

  2. What does the law of demand describe?

  3. What is a demand curve? What is its common feature?

  1. How can you explain the existence of Giffen goods?

  2. When is demand described as elastic?

  3. Why is demand for some goods and services inelastic?

7. What is the difference between a change in a quantity demanded and a change in demand?

8. What are the determinants of demand?

VII. Make up your own 5 sentences using word combinations from Ex.VI

  1. Give the synonyms to the following words.

Ability(n), willingness (n), purchase(v), rare(adj.), imply(v), affect(v), item(n), increase(v), expensive(adj.), rapidly(adv.), elastic(adj.), own(v), formally(adv.), conspicuous(adj.),consumer(n), demand(v), expect(v).

    1. Fill in the blank each of the statements with the appropriate term.

a) elasticity of demand

f) inelastic

b) ceteris paribus

g) shift in demand

c) Giffen good

h) law of demand

d) demand schedule

i) demand curve

e) demand

    1. What is a buyer willing and able to buy at various prices is called _____.

    2. The relationship between prices and the quantity a buyer is willing and able to purchase at those prices is shown in tabular form as _______.

    3. A Latin phrase meaning “all other things remaining equal” is _____.

    4. The idea that quantity demanded increases as price falls, ceteris paribus, is known as .

    5. The quantity that buyers are willing and able to buy at various prices are shown graphically in a _____________.

6. The degree to which price changes affect demand will depend upon ________ .

  1. Changes in tastes, income, or prices of other goods may cause a ___________ .

  2. If the price decrease led to a decrease in total revenue, the demand is ________ .

  3. A good which demand curve has an upward slope is known as a _________ .

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