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GCSE
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More cards in this set
Card 26
Front
If XED is negative
Back
Card 27
Front
Shifts in supply curve
Back
Card 28
Front
The responsiveness of the quantity supplied to a change in price
Back
Card 29
Front
Functions of the price mechanism
Back
Card 30
Front
A tax on expenditure
Back
Card 31
Front
A tax of a specific amount added to the price of the good
Back
Card 32
Front
A tax as a percentage of the price of the good
Back
Card 33
Front
A grant from the government to encourage consumption
Back
Card 34
Front
The demand for the good or service it produces not the labour itself
Back
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