Home
Explore
Exams
Search for anything
Search for anything
Login
Get started
Home
1.1.3 - Demand
Studied by 1 person
0.0
(0)
Add a rating
Learn
A personalized and smart learning plan
Practice Test
Take a test on your terms and definitions
Spaced Repetition
Scientifically backed study method
Matching Game
How quick can you match all your cards?
Flashcards
Study terms and definitions
1 / 10
There's no tags or description
Looks like no one added any tags here yet for you.
11 Terms
View all (11)
Star these 11
1
Demand curve
Line drawn on a graph that shows how much of a good will be bought at different prices.Ā
New cards
2
Demand schedule
Table of the quantity demanded of a good at different price levels
New cards
3
Effective demand
Amount of a good people are willing to buy at given prices over a given period of time supported by the ability to payĀ
New cards
4
Inverse relationship
When price increases the price goes up, the quantity demanded falls and vice versaĀ
New cards
5
Shift in the demand curve
Movement to the left or right of the entire demand curve when there is a change in any factor affecting demand except the priceĀ
New cards
6
Disposable income
Income that is available to someone over a period of time to spend: it includes state benefits but excludes state benefitsĀ
New cards
7
Inferior goods
Goods for which demand will fall if income rises or rise if income falls
New cards
8
Normal goods
Goods for which demand will increase if income increases or fall if income fallsĀ
New cards
9
Substitute goods
Goods bought as an alternative to another but perform the same function
New cards
10
Complementary goods
Goods purchased together because they are consumed togetherĀ
New cards
11
Demography
Study of human populations and the way in which they change
New cards
Explore top notes
Storms 1: Meteorology Basics
Note
Studied by 8 people
874 days ago
5.0
(2)
Preview
š§Ŗ
Properties of Matter (Summary)
Note
Studied by 16 people
724 days ago
5.0
(1)
Preview
š
CHAPTER 1 & 2a
Note
Studied by 42 people
787 days ago
5.0
(1)
Preview
Chemical Equation
Note
Studied by 16 people
870 days ago
5.0
(1)
Preview
Unfinished Nation - Chapter 14: The Civil War
Note
Studied by 27 people
866 days ago
5.0
(1)
Preview
š¦¦
Science 10 Notes (2nd Quarter)
Note
Studied by 31 people
462 days ago
5.0
(1)
Preview
Chapter 4: Atoms and Elements
Note
Studied by 39 people
779 days ago
5.0
(2)
Preview
APUSH Semester I - Study Guide
Note
Studied by 99 people
53 days ago
5.0
(1)
Preview
Explore top flashcards
Nuero-Anatomy Cerebrum (A)
Flashcard (37)
Studied by 3 people
699 days ago
5.0
(1)
Preview
Micro Lab 3 Questions
Flashcard (28)
Studied by 54 people
146 days ago
5.0
(1)
Preview
VCE Chemistry
Flashcard (62)
Studied by 8 people
129 days ago
5.0
(1)
Preview
[PHARM 5] DDD Module 1
Flashcard (80)
Studied by 25 people
552 days ago
5.0
(1)
Preview
honors chemistry- lab equipment
Flashcard (86)
Studied by 97 people
194 days ago
5.0
(5)
Preview
SAT prefixes
Flashcard (50)
Studied by 25 people
427 days ago
5.0
(1)
Preview
A&P Lab quiz 3
Flashcard (25)
Studied by 7 people
764 days ago
5.0
(1)
Preview
Period 7A Knowt (1898-1930) - Mr. Paeth APUSH
Flashcard (86)
Studied by 886 people
3 hours ago
4.4
(10)
Preview