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ravjot bains
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Decks in this class (14)
production
4 factors of production 1,
Patterns of production 2,
What determines production 3
14
cards
ch 2
What is a model 1,
Why use models 2,
Ppf 3
16
cards
ch3
A competitive market has 1,
What is the supply and demand mod...,
Five key elements of the supply a...
36
cards
ch 4
Willingness to pay 1,
Individual consumer surplus 2,
What happens to the quantity dema...
26
cards
ch 5
Why governments control prices 1,
What are price controls 2,
Price ceiling 3
16
cards
stuff i dont really know
Independent variables 1,
Dependent variable 2,
Independent supply curve 3
12
cards
Elasticity
What is price elasticity of demand 1,
Price elastic of demand formula 2,
What happens when the price of a ...
20
cards
national income
Nominal income 1,
Nominal equation 2,
Real increase in national income ...
7
cards
rational consumer
What do consumers want 1,
What is utility 2,
Marginal utility 3
18
cards
behind the supply curve
What is a production function 1,
What run is all inputs varied 2,
What run is at least one input fi...
31
cards
perfect competition
What is perfect competition 1,
What does the demand curve look l...,
What is the demand curve also equ...
13
cards
monopoly
What is a monopoly 1,
Key features of a monopoly 2,
How do monopoly happen 3
12
cards
oligopoly
What is a oligopoly 1,
What is collusion 2,
What is a cartel 3
8
cards
monopolistic competition
What is monopolistic competition 1,
What are the three different form...,
How do these firms max their prof...
6
cards
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micro econ
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