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More cards in this set
Card 6
Front
When there is excess supply how do market forces restore equilibrium?
Back
Card 7
Front
What are the limitations of the supply and demand model?
Back
Card 8
Front
What does the profit-signalling mechanism ensure?
Back
Card 9
Front
How does rationing signal how resources are allocated?
Back
Card 10
Front
How does profit act as signal for suppliers?
Back
Card 11
Front
What is consumer sovereignty?
Back
Card 12
Front
What can interfere with the profit-signalling mechanism?
Back
Card 13
Front
What is a mass market?
Back
Card 14
Front
What is a niche market?
Back
Card 15
Front
What is market growth?
Back
See full card set