graphs to know Flashcards
(12 cards)
1
Q
basic supply and demand
A
know surplus and shortage
2
Q
know different elasticity graphs
A
inelastic and elastic
3
Q
supply an demand when a tax has been introduced
A
4
Q
supply an demand when a subsidy has been introduced
A
5
Q
consumer and producer surplus graphs
A
6
Q
how overproduction or underproduction can create deadweight loss
A
7
Q
know how to calculate surpluses of a graph
A
8
Q
the externality problem + with corrective taxes as solutions
A
9
Q
subsidies graph
A
10
Q
know how to calc redistribution with well being curve ( week 8)
A
11
Q
average cost curve with profit and marginal revenue
A
know where max profits are
all that sort of thing
12
Q
entry into the market and exit the market ( week10)
A
