Study sets, textbooks, questions
Upgrade to remove ads
Economics Test #1 Kahoot Questions
Terms in this set (23)
holding all things equal
increase in subsidies cause supply to
minimum wage is an example of a
what causes shortage?
below P equilibrium
with price floor, black market price is
an increase in the cost of substitutes could cause demand to
when substitute prices go up, demand for original goes
when complement prices go up, demand for original goes
price would increase
if cost of input increases, what would you anticipate to happen to market?
when there is an increase in the cost of inputs, what happens to the the cost of production?
mergers cause supply to
next best, higher valued alternative
what would cause the market demand for an inferior good to increase?
decrease in demand causes price to
difference between market price and willingness to sell?
what wouldn't shift supply?
more subsidies ______ production cost and ______ supply
economists study how to
at equilibrium, quantity demanded and quantity supplied are
when looking at the producer, consider the
when looking at the consumer, consider the
how to find consumer surplus
how to find producer surplus
Sets with similar terms
Chapter 3 Econ
Econ-221 Chapter 3
Micro - Equilibrium
Other sets by this creator
Economics Vocabulary Quiz #1
Government Final Review
Government Test #4 Kahoot!!
Government Test #3 Review
Other Quizlet sets
History Study Guide #3
EEG Study Guide for registry (ASET Review Question…
S- Ch 15 Birds