
Economic Concepts Flashcards
Flashcard
•
Social Studies
•
12th Grade
•
Easy
Angelia WWHS
Used 1+ times
FREE Resource
Student preview

11 questions
Show all answers
1.
FLASHCARD QUESTION
Front
The quantity of a good or service that consumers are willing and able to buy
Back
demand
2.
FLASHCARD QUESTION
Front
Consumers buy more of a good when its price decreases and less when its price increases
Back
law of demand
3.
FLASHCARD QUESTION
Front
Ability or capacity of a good or service to be useful and give satisfaction to someone
Back
utility
4.
FLASHCARD QUESTION
Front
Decrease in satisfaction or usefulness from having one more unit of the same product
Back
diminishing marginal utility
5.
FLASHCARD QUESTION
Front
The extent to which a change in price causes a change in the quantity demanded
Back
demand elasticity
6.
FLASHCARD QUESTION
Front
The quantity of something that producers have available for sale
Back
supply
7.
FLASHCARD QUESTION
Front
Tendency of suppliers to offer more of a good at a higher price
Back
law of supply
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple

Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
14 questions
Economics BM Review
Flashcard
•
12th Grade
10 questions
Supply and Demand Vocabulary
Flashcard
•
9th - 12th Grade
10 questions
Supply and Market Dynamics
Flashcard
•
11th Grade
10 questions
Supply and Demand
Flashcard
•
12th Grade
8 questions
Equilibrium, Price Floor, Price Ceiling
Flashcard
•
11th Grade
10 questions
Chapter 4: Demand
Flashcard
•
12th Grade
10 questions
ITB: 2-7 Pricing Considerations and Analysis
Flashcard
•
11th Grade
10 questions
Supply and Demand
Flashcard
•
10th - 12th Grade
Popular Resources on Wayground
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
20 questions
ELA Advisory Review
Quiz
•
7th Grade
15 questions
Subtracting Integers
Quiz
•
7th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns
Quiz
•
3rd Grade
10 questions
Exploring Digital Citizenship Essentials
Interactive video
•
6th - 10th Grade
Discover more resources for Social Studies
1 questions
PLT Question for 09/21/25
Quiz
•
9th - 12th Grade
1 questions
PLT CFA 9/30/2025
Quiz
•
9th - 12th Grade
36 questions
Unit 5 Key Terms
Quiz
•
11th Grade - University
38 questions
Unit 6 Key Terms
Quiz
•
11th Grade - University
1 questions
PLT CFA 10/2/25
Quiz
•
9th - 12th Grade
28 questions
Unit 3: CFA 4 (Standard 7)
Quiz
•
12th Grade
19 questions
Unit #2.2 & 2.3 Economics Review
Quiz
•
12th Grade
1 questions
Ch 5 CFA-Map
Quiz
•
9th - 12th Grade