Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
5 Cards in this Set
- Front
- Back
Ceteris paribus |
A latin phrase that means "all other things held constant". |
|
Normal good |
A good that consumers demand more of when their income increase. |
|
Inferior good |
A good that consumers demand less of when their incomes increase. |
|
Complements |
Two goods that are bought and used together. |
|
Substitutes |
Goods used in place of one another. |