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Decks in this class (12)
CHAPTER 5
What is elasticity,
What is inelastic demand,
What is elastic demand
45
cards
CHAPTER 6
What happens if prices are fixed ...,
When prices are fixed too high,
What happens when governments fix...
34
cards
CHAPTER 7
Depreciation definition,
Obvious explicit costs,
Accounting profits formula
21
cards
CHAPTER 8
Monopoly,
Market power,
Price maker
26
cards
CHAPTER 9
Marginal revenue,
Rule for smart business decisions,
One price rule
19
cards
CHAPTER 10
Natural monopolies,
Market failure,
Natural monopolies challenges
16
cards
CHAPTWR 11
Social costs formula,
Social benefits formula,
When do externalities occur
9
cards
CHAPTER 1
Scarcity,
Economics,
Opportunity cost
16
cards
CHApTER2
Quantity demanded,
Law of demand,
Demand curve
12
cards
Chapter 3
Past expenses,
Supply,
Rising prices
15
cards
Chapter 4
What do shortages do,
What do surpluses do
2
cards
Chapter 12
Flow,
Stock,
Important concepts determining ea...
12
cards
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ECON 1000
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