Save
Upgrade to remove ads
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
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.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
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

CCHS Chapter 4 Test

Demand!

QuestionAnswer
What do consumers need in order to have 'demand' for a good or service? Willingness, Ability and Desire
What is the chart used to show demand? a demand schedule
What does the Law of Demand state? As prices increase, quantity demanded decreases As prices decrease, quantity demanded increases
What is the graph that is used to illustrate demand? A demand curve
What happens to the quantity demanded when prices increase? How does that look on the graph? Quantity demanded decreases. It is a movement downward along the curve from one value to another.
If the price of a product changes and there is an equal change in demand because of the price change, what type of elasticity does this product have? Unit elasticity
When there's a shift on or along the demand curve this is know as a change in... Quantity demanded
If the price of a product changes and there is a large or significant change in demand due to this price change, this product is known as having what type of elasticity? Elastic demand
What is called when demand increases or decreases even if there was no change in price Change in Demand
What does a change in demand look like on a graph? if there is an increase in demand the demand curve shifts right. if there is a decrease in demand the demand curve shifts left.
What are the factors that will increase or decreases demand? (shift the demand curve right or left) Income, number of consumers, substitutes, expectations, complements, tastes (I.N.S.E.C.T.)
What happens to quantity demanded when prices decrease? Quantity demanded increases
What type of elasticity is a product if there is a price change and there is little to no change in demand after the price change was made? The product is inelastic.
Created by: khanchett
Popular Social Studies sets

 

 



Voices

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:
Retries:
restart all cards