Relier Pairs Microeconomics Module 8Version en ligne Yay! We love econ! It’s so much fun! par Sofia Silva 1 Tax Incidence 2 Average Cost Curve 3 Perfectly Competitive 4 Pareto Efficient 5 Exogenous Shock 6 Market Clearing Price 7 Single Price Monopoly 8 Increasing Returns to Scale 9 Elasticity 10 Perfectly Price Discriminating Monopoly The distribution of a tax across consumers and suppliers A market with a large number of buyers and sellers that can freely enter and exit. The zero-profit isoprofit curve A market with one supplier where the price is unique to each consumer and maximizes the individual’s willingness to pay A price where there is no excess supply or demand A force outside of the market that influences supply and/or demand When production inputs double, output more than doubles A market with only one supplier and a set price for all consumers A market equilibrium where a change in price or quantity would make either the supplier or the consumer worse off The effect of a 1% change in price on the quantity demanded
Créer jeu