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More cards in this set
Card 6
Front
What causes a movement along the curve?
Back
Card 7
Front
What causes shifts in the demand curve? Why?
Back
Card 8
Front
What causes shifts in the supply curve? Why?
Back
Card 9
Front
What is equilibrium price?
Back
Card 10
Front
How do you calculate total revenue?
Back
Card 11
Front
If there is excess demand/supply, what happens?
Back
Card 12
Front
What is price elasticity of demand/supply?
Back
Card 13
Front
What does elastic/inelastic mean?
Back
Card 14
Front
How do you calculate PED/PES?
Back
Card 15
Front
How does the demand/supply curve look if demand/supply is elastic/inelastic?
Back
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