Relier Pairs AGBS 100 Review - 2/27/2025Version en ligne Content Review par Mallory Sutherland 1 The per capita consumption of peaches was 2.0 pounds per person in 1987. It is 5.5 pounds per person today (% change) 2 Price ceiling 3 Market result of price ceiling 4 Price dependent equation 5 Demand shifter 6 Supply Shifter 7 Price ceiling (real example) 8 Ordinal 9 A box of cereal cost $2.50 in 2012. The same box of cereal today costs $3.25. What is the percent change? 10 Price floor 11 Law of supply 12 Demand equation 13 Market result of price floor 14 Absolute value 15 Cardinal value 16 It was 100 degrees yesterday. It is 90 degrees today (% change) 17 Normal good 18 Base year 19 Law of demand Shortage 175% increase My second favorite candy is skittles Q = 3 - 2P Change in the price of alternative crops Effective above price equilibrium 23% increase Surplus 10 + 5Q = P As income decreases, quantity demanded decreases Rent control As price increases, quantity decreases 100 As price increases, quantity increases 10% decrease Change in price of complements Effective below price equilibrium The cost of a meal in India is 500 rupees The candy bar is 30 cents more expensive than last year
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