Microeconomics - Chapter 3 Flashcards

Chapter 3: Demand, Supply and Market equilibrium (7 cards)

1
Q

What is demand and demand curve?

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Marginal benefit

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Law of Demand

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Inverse demand curve

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What are giffen goods?

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Supply

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q
A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly