Economics, 3rd Edition

demand deposits 

balances in bank accounts that depositors 

can access on demand by using a debit card or writing a cheque

demand schedule 

a table that shows the relationship between 

the price of a good and the quantity demanded

de-merit goods 

goods that are over-consumed if left to the 

market mechanism and which generate both private and 

social costs which are not taken into account by the decision 

maker

depreciation 

a decrease in the value of a currency as measured 

by the amount of foreign currency it can buy

depression 

a severe recession

derived demand 

a situation where demand is determined by 

the supply in another market