Demand
AP Macroeconomics · Flashcards
AP MACROECONOMICS · FLASHCARDS
Card 1
of 29
0 got it
0 to review
Current
Got it
Still learning
Not seen
QUESTION
What type of demand exists if
E
d
>
1
E_d > 1
E
d
>
1
?
QUESTION
Identify a factor that affects elasticity of demand.
QUESTION
Identify the slope of a typical demand curve.
Tap to flip before you grade
ANSWER
Negative slope. Reflects the inverse relationship between price and quantity demanded.
Swipe → got it · swipe ← still learning
Got it
Still learning
Flip Card
Previous card
Next card