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Milli T.
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Decks in this class (14)
Demand
Demand 1,
Quantity demanded 2,
Normal good 3
22
cards
Supply
Supply 1,
Law of supply 2,
Decrease fall in supply 2
15
cards
Market Equilibrium
Market equlibrium 1,
Price mechanism 2,
Signalling 2
22
cards
Price Mechanism
Price mechanism 1,
Signalling 2,
Prices as incentives 3
12
cards
Price Elasticity of demand
Price elasticity of demand ped 1,
Ped 1 2,
Ped 1 2
24
cards
Government Intervention - Tax
Indirect tax 1,
Indirect vs direct tax 2,
Excise tax 3
18
cards
Price Elasticity of Supply
Why can supply be inelastic 1,
Pes price elasticity of supply 2,
Pes calculation 3
16
cards
Government Intervention - Subsidy
Subsidy 1,
Forms of subisdies 2,
Aim of gov when granting subsidies 2
10
cards
Government Intervention - Price Control
Price ceiling 1,
Price floor 2,
Why do governments intervene in m...
17
cards
PPC (Production possibility Curve)
Ppc 1,
Actual output 2,
Reasons why an economy cannot pro...
11
cards
5.3 Negative Externalities of Production
Market failure 1,
Allocative efficiency 2,
Externality 3
21
cards
5.4 Negative externalities of consumption
What is a negative externality of...,
Why is the consumption of cigaret...,
What is meant by over allocation ...
18
cards
6.1 Positive externalities of production
What is a positive externality of...,
When there is a positive external...,
What is the consequence of a posi...
16
cards
6.2 Positive externalities of Consumption
Pec solution advert legislation 1,
Pec solution gov provision 2,
Pec solution subsidy 3
22
cards
More about
Econ SL
- Class purpose General learning
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