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MICRO 1.3 Price determination in a competitive market

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

By: darcey babet
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Decks in this class (6)

1.3.1 The determinants of the demand for goods and services
Shifts of curve,
Shifts of curveexpectations,
Shifts of curveir
11  cards
1.3.2 Price, income and cross elasticities of demand
Price elasticity of demand measures,
Ped,
Pedprice inelastic
21  cards
1.3.3 The determinants of the supply of goods and services
Law of supply,
Shifts of supply,
Shifts of supplyconditions of supply
15  cards
1.3.4 Price elasticity of supply
Pes formula,
Pesprice inelastic supply,
Pesprice elasticity supply
6  cards
1.3.5 The determination of equilibrium market prices
Market at state of equilibrum,
Market will cintinue to be in a s...,
Equilibrum diagram
14  cards
1.3.6 The interrelationship between markets
Interrelationship between markets,
Joint demand,
Joint supply
5  cards

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MICRO 1.3 Price determination in a competitive market

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