IB ECONOMICS CLONE Flashcards

Decks in this Class (9):

• Demand

  Demand

  Sample Cards:

  price of complement decreases,

  price of substitute increases,

  income increases normal good
  22 Cards
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• Supply

  Supply

  Sample Cards:

  theory of supply,

  why is the supply curve upwards sloping,

  what does the increased price act as
  21 Cards
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• Market Equilibrium For Demand And Supply

  Market Equilibrium for Demand and Supply

  Sample Cards:

  price ceiling,

  how does a price ceiling affect market e,

  price floor
  11 Cards
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• Ped

  PED

  Sample Cards:

  elasticity,

  what change leads to what change,

  percentage change price
  29 Cards
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• Pes Yed Xed

  PES, YED, XED

  Sample Cards:

  income elasticity of demand,

  yed equation,

  what type of answer do you get for yed
  30 Cards
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• Tax Incidence

  Tax Incidence

  Sample Cards:

  direct tax,

  how are direct taxes paid to government,

  can direct taxes be adjusted
  55 Cards
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• Subsidies

  Subsidies

  Sample Cards:

  subsidy,

  why might subsidies be implemented,

  deadweight welfare loss
  19 Cards
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• Merit Goods Public Goods Demerit Goods

  Merit Goods, Public Goods, Demerit Goods

  Sample Cards:

  merit goods,

  are merit goods under or over produced b,

  what is the degree of government provisi
  21 Cards
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• Externalities

  Externalities

  Sample Cards:

  externality,

  social optimum,

  msb
  17 Cards
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