Chapter 9
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| show | The responsiveness of the demand for one good to a change in the price of another good.
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| show | A good with a negative income effect. Less of it will be bought as income rises.
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| show | The responsiveness of demand for a good to changes in income.
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| Luxury good | show 🗑
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| Normal good | show 🗑
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| Perfectly elastic demand | show 🗑
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| Perfectly inelastic demand | show 🗑
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| show | The responsiveness of quantity demanded of a good to a change in the price of that good.
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| Price elasticity of supply | show 🗑
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| show | A good is said to have a relatively elastic demand if the proportionate change in the quantity demanded is greater than the proportionate change in price.
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| Relatively inelastic demand | show 🗑
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| Unit elasticity of demand | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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