Microeconomics - Chapter 3 Flashcards
Chapter 3: Demand, Supply and Market equilibrium (7 cards)
1
Q
What is demand and demand curve?
A
2
Q
Marginal benefit
A
3
Q
Law of Demand
A
4
Q
Inverse demand curve
A
5
Q
What are giffen goods?
A
6
Q
Supply
A
7
Q
A