This flash card deck is to test your knowledge of the economic concept of supply
|
Created by jackexamtime
almost 11 years ago
|
|
|
Copied by eleanor.adamandi
almost 11 years ago
|
|
Close
|
|
Created by jackexamtime
almost 11 years ago
|
|
|
|
Copied by eleanor.adamandi
almost 11 years ago
|
|
Define supply
What is the law of supply?
What is the shape of the supply curve?
Why does it slope upwards from left to right?
What is the supply function?
What does P(x) and POG stand for?
What are "Other Goods" when talking about supply?
What does C stand for?
Is the relationship between cost of production and supply positive or negative?
What does Tn stand for?
What shape is the fixed supply curve?
Give an example of a "product" with a minimum price
