Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


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.
We do not share your email address with others. It is only used to allow you to reset your password. For details read 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 (0)
Remaining cards (0)
Know (0)
0:00
share
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

High School Economic

Supply and Demand

TermDefinition
Law of Demand the claim that, other things being equal, the quantity demanded of a good falls when the price of the good rises
Law of Supply the claim that, other things being equal, the quantity supplied of a good rises when the price of the good rises
Quantity Demanded the amount of a good that buyers are willing and able to purchase
Quantity Supplied the amount of a good that sellers are willing and able to sell
Demand Schedule a table that shows the relationship between the price of a good and the quantity demanded
Supply Schedule a table that shows the relationship between the price of a good and the quantity supplied
Demand Curve a graph of the relationship between the price of a good and the quantity demanded
Supply Curve a graph of the relationship between the price of a good and the quantity supplied
Equilibrium a situation in which the market price has reached the level at which quantity supplied equals quantity demanded
Shortage a situation in which quantity demanded is greater than quantity supplied
Surplus a situation in which quantity supplied is greater than quantity demanded
Created by: dillon.nerud
 

 



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