Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Micro-Economics > Price Determination in a Competitive Market > Flashcards

Price Determination in a Competitive Market Flashcards

1
Q

What does a demand curve illustrate?

A

The relationship between Quantity Demanded and Price

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

Determine the relationship between Qd and Price for substitutes?

A

An increase in the price of one good will increase the quantity demanded of another.

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

Micro-Economics (2 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions