Pnenomics Flashcards by Elsie Runnicles

Q

Shifts in demand

A

PASIFIC

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Q

Price mechanism

A

ARSI

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Q

Shifts in supply

A

PINTS WC

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Q

PED

A

SPLAT

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Q

PES

A

BEST

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Q

Free market pros

A

EPIC

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Q

Internal economies of scale

A

RFMTRM

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Q

Barriers to entry

A

BLaST

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Q

Barriers to exit

A

SURP

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Q

Shift in demand for labour

A

PDPC

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Q

Elasticity of demand for labour

A

SECT

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Q

Diseconomies of scale

A

3C’s and M
CCCM

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Q

Shifts in supply for labour

A

POM BLON

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Q

Elasticity of supply for labour

A

VTLN

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