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Economics
> 1.2.8 Consumer and producer surplus > Flashcards
1.2.8 Consumer and producer surplus Flashcards
Study These Flashcards
Economics
(22 decks)
1.1.1 Economics As A Social Science
1.1.2 Positive And Normative Economic Statements
1.1.3 The Economic Problem
1.1.4 Production possibility frontiers
1.1.5 Specialisation and the division of labour
1.1.6 Free market economies, mixed economy and command economy
1.2.1 Rational decision making
1.2.2 Demand
1.2.3 Price, income and cross elasticities of demand
1.2.4 Supply
1.2.5 Elasticity of supply
1.2.6 Price determination
1.2.7 Price mechanism
1.2.8 Consumer and producer surplus
1.2.9 Indirect taxes and subsidies
1.2.10 Alternative views of consumer behaviour
1.3.1 Types of market failure
1.3.2 Externalities
1.3.3 Public goods
1.3.4 Information gaps
1.4.1 Government intervention in markets
1.4.2 Government failure
