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Economics: Microeconomics

This class was created by Brainscape user Sophia Onikan. Visit their profile to learn more about the creator.

By: Sophia Onikan
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Decks in this class (4)

Demand
What assumption is the classical ...,
When is a consumer considered to ...,
When is a firm considered to be b...
13  cards
Supply
What is supply,
What does the theory of supply state,
What does the supply curve show
7  cards
Price determination
What is a product market,
What is the basic market equilibrium,
What is excess demand and how doe...
8  cards
Minimum and maximum prices, Consumer and producer surplus
What is consumer surplus,
How do you work out total consume...,
What is producer surplus
20  cards

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Economics: Microeconomics

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