Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

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.
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.
Didn't know it?
click below
Knew it?
click below
Don't know (0)
Remaining cards (0)
Know (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

Economics Ch 4


demand the combination of quantities someone would be willing and able to buy at a given moment
incentive a motivating influence that causes someone to buy more or less of an item; usually related to price
marginal utility the extra usefulness or additional satisfaction a person gets from acquiring one more unit of a product
income effect the change in quantity demanded caused by a change in a consumer's pay and the price of a product
substitution effect the change in quantity demanded caused by a change in the price of a good relative to other goods
substitutes competing products that can be used in place of another product; the increase in price of one product leads to higher demand of the other
compements products that increase the use of other products; the increase in the price of a product reduces demand for its complement
elasticity the measure of responsiveness that tells how a dependent variable like quantity demanded responds to changes in independent variables like price
ineleastic the percentage change in the independent variable (price) causes a less than proportionate change in the dependent variable (quantity demanded)
Created by: wm0397



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