A Level Diagrams Flashcards
1
Q
PPF Curve
A
2
Q
Supply & demand, with equilibrium
A
3
Q
Supply & demand surpluses
A
4
Q
Increase/decrease in demand
A
5
Q
Increase/decrease in supply
A
6
Q
Consumer / producer surplus
A
7
Q
.
A
8
Q
Inelastic demand
A
9
Q
Elastic demand
A
10
Q
Tax diagram
A
11
Q
Subsidy diagram
A
12
Q
Negative externality of consumption
A
13
Q
Negative externality of production
A
14
Q
Positive externality of production
A
15
Q
Positive externality o consumption
A
16
Q
Max price diagram
A
17
Q
Min price diagram
A
18
Q
Total revenue, average revenue & marginal revenue
A
19
Q
Average, fixed and variable costs
A
20
Q
Economies of scale
A
21
Q
Perfect competition
A
22
Q
Short run equilibrium in perfect comp
A
23
Q
Long run equilibrium in perfect comp
A
24
Q
Long run equilibrium for a monopolistically competitive firm
A
25
Abnormal profit for monopsonies t
26
Price discrimination
27
Profit maximisation
28
Revenue maximisation
29
Sales maximisation
30
Allocative efficiency
31
Productive efficiency
32
Deadweight loss from a monopoly
33
backwards bending supply curve
34
Minimum wage
35
Maximum wage.
36
Business cycle
37
Increase/ decrease in AD
38
Increase/ decrease in AD
39
Positive output gap
40
negative output gap
41
Phillips curve
42
Laffer curve
43
Lorenz curve
44
J curve
