Micro Context for exams Flashcards
Basic economic problem
Water scarcity in India
Food scarcity
Demand shifts right
UK housing
Spanish holidays
Demand shift left
Newspapers
Public transport in china
Student housing
Supply shift right
Bumper harvest of goods
Supply shift left
Gas/elasticity
China manufactoring
fizzy drinks
PED Inelastic
Cigarettes
Alcohol
Sugary foods
PES inelastic
Housing
Electricity
XED complements
Coffee machines and capsules
Printer and printer ink
Razors and razor blades - Gilette
XED substitutes
Phones - Samsung and Apple
Fast food
YED Normal goods
Cars
Designer clothes
YED Inferior goods
Fast food
public transport
Indirect taxes
Fuel duty
alcohol duty
VAT
Sugar tax
Subsidy
Solar panels
Electric cars
Museums
Agriculture in USA
Minimum Price
Alcohol in Scotland
Wage minimum wage
Maximum Price
Proposed rent control by labour party
Energy cap
Negative productive externality
Deforestation
Chemical production
Demerit goods
Cigarettes
Alcohol
Merit goods
Vaccinations
Education
Sun cream
Positive productive externality
R and D
In work training
Public goods
Street lights
Flood defences
Quasi-Public goods
Roads
Common access resources
Air
Forests
Perfect competition
Market stalls in big markets
Foreign exchange
Very competitive markets
Fast food
Cars
Short haul air planes
