Demand

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Complementary Goods
goods that are purchased together because they are consumed together
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Demand
the quantity of a product bought at a given price over a given period of time
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Demand Curve
a line drawn on a graph that shows how much a good will be bought at different prices
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Inferior Goods
goods of which demand will fall if income rises or rise if income falls
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Normal Goods
goods for which demand will rise if income rises or fall if income falls
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Substitute Goods
goods that can be bought as an alternative to others, but perform the same function
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Other cards in this set

Card 2

Front

the quantity of a product bought at a given price over a given period of time

Back

Demand

Card 3

Front

a line drawn on a graph that shows how much a good will be bought at different prices

Back

Preview of the back of card 3

Card 4

Front

goods of which demand will fall if income rises or rise if income falls

Back

Preview of the back of card 4

Card 5

Front

goods for which demand will rise if income rises or fall if income falls

Back

Preview of the back of card 5
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