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Econ Micro Section 2

This class was created by Brainscape user . Box. Visit their profile to learn more about the creator.

By: . Box
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Decks in this class (7)

Demand
When is a market created,
What is a sub market,
What is demand
16  cards
Demand ( 2 )
What is derived demand,
What is joint demand,
What is competitive demand
17  cards
Demand ( 3 )
What is consumer surplus,
What is the consumer surplus on a...,
How does the law of diminishing m...
27  cards
Supply ( 2 )
What is producer surplus,
What is the producer surplus on a...,
How can producer surplus be incre...
11  cards
Subsidies and indirect tax
Why do are subsidies provided,
What is a subsidy,
Why are taxes used
3  cards
Elasticity of demand ( 1 )
What does ped measure,
What is the formula for ped,
What is a price elastic good
26  cards
Elasticity ( 2 )
What curve does tax affect,
How do taxes affect goods with in...,
How does tax affect elastic deman...
22  cards

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Econ Micro Section 2

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