1. Unit 2 Study Guide

2. Chapter 4-6 Unit 2 Study Guide
Directions: Create flashcards for all boldfaced key terms in Chapters 4- 6 to receive extra credit towards your unit test. All words must be included for the extra credit (7 points).
Chapter 4 - Demand - market,demand, law of demand, quantity demanded, law of diminishing marginal utility, demand schedule, demand curve, normal good, inferior good, neutral good, substitute, complement, elasticity of demend, elastic demand, inelastic demand, unit-elastic demand.

3. Unit 2 Study Guide (Cont.)
Chapter 5 - Supply - supply, law of supply, direct relationship, quantity supplied, supply schedule, supply curve, technology, advancement in technology, per-unit cost, subsidy, quota, elasticity of supply, elastic supply, inelastic supply
Chapter 6 - surplus, shortage, equilibrium, equilibrium quantity, equilibrium price, inventory, price ceiling, price floor