1
Q
Does change in demand affect CS or PS ?
A
Producer surplus
2
Q
Does change in supply affect CS or PS ?
A
CS
Economics Theme 1
flashcards
Decks in class (20)
# Cards
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1.2.1 Rational decision making6
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1.2.8 CS And PS13
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CS And PS Changes2
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1.2.9 Subsidies11
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1.3.1 Types Of Market Failure3
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1.3.2 Negative Externalities31
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Gov Solutions to negative externalities33
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Positive externalities22
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Gov solutions to positive externaities (underconsumption or underproduction)14
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OQT framework to evaluate externalities5
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1.3.3 Public goods6
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Gov solutions to Public goods7
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1.3.4 Information Gaps9
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Gov solution for incompete Info8
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Gov solution for Asymmmetric info3
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1.4.2 Goverment Failure2
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Distortion Of Price Mech12
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The law of unintended consequences4
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1.2.2 Demand11
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Info Gaps And Admin Costs3
