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Section 2 - Competitive Markets

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

By: Alban Audibert
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Decks in this class (13)

Demand
Markets are,
The price charged for and quantit...,
Sub markets
20  cards
Price, Income And Cross Elasticities Of Demand
Price elasticity of demand shows,
Price elasticity of demand is a m...,
Ped calculated
21  cards
Uses Of Elasticities Of Demand
Factors that influence the price ...,
Substitutes,
Type of good or service
22  cards
Supply
Supply of goods or services is,
Why do supply curves usually slop...,
What does increasing supply incre...
12  cards
Price Elasticity Of Supply
Price elasticity of supply shows,
Price elasticity of supply pes is...,
Pes formula
19  cards
Market Equilibrium
When is a market in equilibrium,
Market forces are,
When a market is at equilibrium
11  cards
Price And The Allocation Of Resources
Competitive markets exist under c...,
In a competitive market it is ass...,
Price is the main way of
11  cards
Consumer And Producer Surplus
Consumer surplus,
Consumer surplus example,
Producer surplus
7  cards
Subsidies and Indirect Taxes
Subsidies and indirect taxes,
Subsidie,
Indirect tax
17  cards
Demand And Supply Agriculture
Agricultural prices in the short run,
Commodity,
Agricultural goods affected by
15  cards
Demand and Supply of oil
Oil important because,
Increase in price of oil can,
Oil prices
11  cards
Demand and Supply housing
Buying a house is,
A fall in house prices can result...,
Mortgage
13  cards
demand supply transport
Transport is usually,
Demand for travel is,
Most transport has a positive inc...
10  cards

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Section 2 - Competitive Markets

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