A Level Diagrams Flashcards by Tristan Briggs

Q

PPF Curve

A

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Q

Supply & demand, with equilibrium

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Q

Supply & demand surpluses

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Q

Increase/decrease in demand

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Q

Increase/decrease in supply

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Q

Consumer / producer surplus

A

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Q

.

A

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Q

Inelastic demand

A

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Q

Elastic demand

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Q

Tax diagram

A

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Q

Subsidy diagram

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Q

Negative externality of consumption

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Q

Negative externality of production

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Q

Positive externality of production

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Q

Positive externality o consumption

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Q

Max price diagram

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Q

Min price diagram

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Q

Total revenue, average revenue & marginal revenue

A

Q

Average, fixed and variable costs

A

Q

Economies of scale

A

Q

Perfect competition

A

Q

Short run equilibrium in perfect comp

A

Q

Long run equilibrium in perfect comp

A

Q

Long run equilibrium for a monopolistically competitive firm

A

Q

Abnormal profit for monopsonies t

A

Q

Price discrimination

A

Q

Profit maximisation

A

Q

Revenue maximisation

A

Q

Sales maximisation

A

Q

Allocative efficiency

A

Q

Productive efficiency

A

Q

Deadweight loss from a monopoly

A

Q

backwards bending supply curve

A

Q

Minimum wage

A

Q

Maximum wage.

A

Q

Business cycle

A

Q

Increase/ decrease in AD

A

Q

Increase/ decrease in AD

A

Q

Positive output gap

A

Q

negative output gap

A

Q

Phillips curve

A

Q

Laffer curve

A

Q

Lorenz curve

A

Q

J curve

A