Chapter 7 - The Principles of Market Forces Flashcards

1
Q

Define Demand (180)

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Define Elasticity of Demand (189)

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Define Elasticity of Supply (193)

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Define Market Structure (176)

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Define Perfect Competition (177)

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Define Price Determination (185)

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Define Supply (182)

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly