Kapitel 2 Flashcards

1
Q

Supply

A

Hur mycket det finns att köpa bestäms av priset
Direkt relation
Högre pris> producera mer
Lägre pris> producera mindre

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2
Q

Changes in quantity supplied

A

Rörelser längst kurvan orsakat av prisförändringar

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3
Q

Changes Supply

A

Hela kurvan skiftar orsakat av annat än priset

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4
Q

Supply Shifters

A
Produktion (arbete, kapital, material, priser)
Räntor
Teknik
Goverment
Expectations
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5
Q

Demand

A

Efterfrågaan bestäms av priset
Inverse relation
Högre pris> lägre efterfrågan
Lägre pris> högre efterfrågan

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6
Q

Changes in quantity demanded

A

Rörelser längst kurvan orsakat av prisförändringar

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7
Q

Changes in demand

A

Hela kurvan skiftar orsakat av annat än priset

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8
Q

Demand shifters

A
Inkomst
Preferenser
tid
pris på andra relaterade produkter (subs, complements)
Expectations
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9
Q

Effects & Law of Demand

A

Substitution Effekt
Inkomst effekt
Law of Diminishing marginal utility

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10
Q

Substitution effect

A

The inverse relationship in demand

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11
Q

Income effect

A

Normal good

Inferior good

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12
Q

Law of DMU

A
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13
Q

Equilibrium

A

När P och Q intercept

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14
Q

Market mechanism tendency

A

Price change until its equal to demand and supply

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15
Q

Surplus

A

Supply exceeds and demand exceeds

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16
Q

Shortage

A

Demand exceeds supply

17
Q

Double shifting

A

Both Q and P are indeterminate

18
Q

Elasticity

A
19
Q

Inelastic

A
20
Q

Elastic

A
21
Q

Short run elastic

A
22
Q

Long run elasticity

A
23
Q

Price controls

A
24
Q

Price ceiling

A
25
Q

Price Floor

A