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Biol 108 > Econ 101 Midterm > Flashcards

Econ 101 Midterm Flashcards

1
Q

Normal Good

A

Increase in income and increase in a demand for a good

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2
Q

Inferior Good

A

Increase in income decrease in demand for a good

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3
Q

Substitues

A

Rise in the price of one good causes a increase in demand for another good.

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4
Q

Complements

A

Rise of price of one good causes decrease of demand for another

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5
Q
A
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Biol 108 (2 decks)

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