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GCSE
A Level & IB
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More cards in this set
Card 6
Front
What is the substitution effect?
Back
Card 7
Front
What is the diminishing marginal utility?
Back
Card 8
Front
Give an example of diminishing marginal utility using chocolate bars and multipacks offered in stores.
Back
Card 9
Front
What is a consumer surplus?
Back
Card 10
Front
Give some determinants of demand.
Back
Card 11
Front
What is a market?
Back
Card 12
Front
What is elasticity?
Back
Card 13
Front
What is price elasticity of demand?
Back
Card 14
Front
What is income elasticity of demand?
Back
Card 15
Front
What is cross-price elasticity of demand?
Back
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