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GCSE
A Level & IB
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More cards in this set
Card 6
Front
Explain what is meant by a perfectly inelastic supply curve
Back
Card 7
Front
Explain what is meant by relatively elastic supply curve
Back
Card 8
Front
Explain what is meant by relatively inelastic supply curve
Back
Card 9
Front
Give facts thats influences price elasticity of supply
Back
Card 10
Front
Explain the disticntion betwee short run and long run in elasticit of suply
Back
Card 11
Front
Explain the rationing function
Back
Card 12
Front
Explain the incentive funtion
Back
Card 13
Front
Explain the signalling function
Back
Card 14
Front
Explain what is meant by consumer surplus
Back
Card 15
Front
Explain what is meant by produce surplus
Back
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