Micro diagrams Flashcards
1
Q
PPF diagram
A
0
2
Q
Consumer Surplus
A
0
3
Q
Producer Surplus
A
0
4
Q
Price elasticity of demand
A
0
5
Q
Price elasticity of supply
A
0
6
Q
Negative externalities of production
A
0
7
Q
Positive externalities of consumption
A
0
8
Q
Indirect taxes
A
0
9
Q
Rent controls (max price)
A
0
10
Q
Primary product control (minimum pricing)
A
0
11
Q
Profit max
A
0
12
Q
Satisficing
A
0
13
Q
Price taking vs price setting
A
0
14
Q
LRAC curve
A
0
15
Q
Perfect competition in the short run vs long run
A
0
