Lernkarten

Karten 26 Karten
Lernende 1 Lernende
Sprache English
Stufe Mittelschule
Erstellt / Aktualisiert 27.10.2015 / 09.11.2015
Lizenzierung Keine Angabe     (Holt McDougal)
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26 Exakte Antworten 0 Text Antworten 0 Multiple Choice Antworten
Fenster schliessen
Supply
The desire and ability to produce and sell a product.
Fenster schliessen
Market Equilibrium
It occurs when the quantity demanded and the quantity supplied at a particular price are equal.
Fenster schliessen
Equilibrium price
The price at which the quantity demanded and the quantity supplied are equal.
Fenster schliessen
Surplus
The result of quantity supplied being greater than quantity demanded.
Fenster schliessen
Shortage
The result of quantity demanded being greater than quantity supplied.
Fenster schliessen
Disequilibrium
It occurs when quantity demanded and quantity supplied are not in balance.
Fenster schliessen
Competitive pricing
It occurs when producers sell products at lower prices to lure customers away from rival producers, while still making a profit.
Fenster schliessen
Incentive
It encourages people to act in certain ways.