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Card 6
Front
the cross elasticity of demand between two complementary products is always
Back
Card 7
Front
which is associated with a missing market
Back
Card 8
Front
the MSB of a good is greater than its MPB and so as a result there are likely to be
Back
Card 9
Front
one reason why specialisation raises labour productivity is because
Back
Card 10
Front
the demand curve for a normal good will shift to the left if
Back
Card 11
Front
cross elasticity of demand measures the extent to which a change in
Back
Card 12
Front
the qty supplied of a product onto a market increases when the price of the product increases. this shows that
Back
Card 13
Front
govt intervention in a market economy can lead to an increase in economic welfare if
Back
Card 14
Front
the shift in the supply curve for computers, left can result from
Back
Card 15
Front
the income elasticity of demand for bus travel is -2.0. this means that
Back
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