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price determination in a competitive market

This class was created by Brainscape user Elizabeth Akidi. Visit their profile to learn more about the creator.

By: Elizabeth Akidi
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Decks in this class (6)

The determinants of the demand for goods and services
Define demand,
Why does the demand curve slap down,
Define
18  cards
Price, income and cross elasticities of demand
Define price elasticity of demand...,
How do we calculate ped,
How do we work out percentage change
34  cards
The Determinants Of Supply
Define supply,
Does quantity supplied change wit...,
What do higher prices imply on th...
20  cards
Price Elasticity Of Supply
Define price elasticity of supply,
Why is pes always positive,
Define elastic supply and state i...
13  cards
The determination of equilibrium market prices
What is the equilibrium price and...,
At equilibrium what is the price ...,
What is disequilibrium and when d...
11  cards
The interrelationship between markets
Do changes in a particular market...,
Define join supply,
Define join demand
10  cards

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price determination in a competitive market

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