Posted in Economics

Econ 4.2 Vocab

Posted on by Scott Biggar
  1. income effect: a change in quantity demanded when the consumers income changes
  2. conversely مقابل: in exchange
  3. substitutes بدائل: competing products that can be used in place of each other
  4. change in demand: a shift of the whole demand curve to right or left
  5. determinants: causes/shifters
  6. consumer tastes الآراء: what buyers want, in demand
  7. related مماثل: similar, alike
  8. expectations توقعات: what should happen, predictions
  9. refund إعادة مال: money returned
  10. complements تكملة: products that affect each other in prices and demand

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