Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how



demand curve a graphic representation of a demand schedule
law of demand an economic law that states that consumers buy more of a good when its price decreases and less when its price increases
market demand schedule a table that lists the quantity of a good all consumers in a market will buy at every different price
demand schedule a table that lists the quantity of a good a person will buy at each different price
income effect the change in consumption resulting from a change in real income(you buy less pizza or fewer sneakers because the price went up)
substitution effect when consumers react to an increase in a good's price by consuming less of that good and more of other goods (when the price of pizza rises people buy tacos and salads)
normal goods a good that consumers demand when their income increases(you would buy more pizza if you start making more money)
inferior goods a good that consumers demand less of as their income increases(you would buy less mac and cheese if you made more money)
A demand curve shift because of income,consumer expectations, population, consumer tastes and advertising
revenue income received by a government from taxes and non taxed sources
elastic demand that is very sensitive to a change in price(affected by the availability of substitutions, the importance, the necessity and the change over time)
complementary goods two goods that are bought and used together(skis and ski boots)
Created by: beth weir
Popular History sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards