Like this study set? Create a free account to save it.

Sign up for an account

Already have a Quizlet account? .

Create an account

Chapter 4 Roger A. Arnold 10th edition

Absolute (Money) Price

The price of a good in money terms.

Deadweight Loss

The loss to society of not producing the competitive, or supply-and-demand-determined, level of output.

Price Ceiling

A government-mandated maximum price above which legal trades cannot be made.

Price Floor

A government-mandated minimum price below which legal trades cannot be made.

Relative Price

The price of a good in terms of another good.

Tie-in Sale

A sale whereby one good can be purchased only if another good is also purchased.

Please allow access to your computer’s microphone to use Voice Recording.

Having trouble? Click here for help.

We can’t access your microphone!

Click the icon above to update your browser permissions and try again


Reload the page to try again!


Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

Star this term

You can study starred terms together

Voice Recording