IB Economics (1: Microeconomics) Flashcards on 1.1 Competitive Market, created by IBMichelle on 16/04/2014.
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Created by IBMichelle
over 10 years ago
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Created by IBMichelle
over 10 years ago
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Microeconomics
Market
Factor Market
Financial Market
Demand
Demand Curve
Consumer's Utility
Supply (of a good)
Supply Curve
Equilibrium Price
Consumer Surplus
Producer Surplus
Social/ Community Surplus
Condition for Allocative Efficiency
The Law of Demand
Complement Goods
Substitutes
Demand Changes
Quantity Demanded Change
Drawing a Demand Curve
Ceteris Paribus
Law of Supply
Supply Changes
Quantity Supplied
Community Surplus
Allocative Effiency
