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Explain what happens when the demand curve intersects with the supply curve?
explain what happens inside curve sample
Linear demand curve diagram?
A Linear Demand Curve Diagram is a diagram that shows how an object or person is shown from youngest to oldest or tallest to shortest
What is an ostentatious goods?
ostentatious good in economics is a good that experience increase in demand as price rises (opposite to "normal" situation). On the Marshall-style diagram it can be showed by uprising demand curve.
What are offer curves in economics?
In economics, and particularly in the theory of international trade an offer curve shows the quantity of one type of product that an agent will export ("offer") for each quantity of another type of product that it imports. The offer curve was first derived by English economists Edgeworth and Marshall to help explain international trade.
What are the most important research in economics?
the bell curve
Why MR curve is below AR curve?
on youtube, there are some great videos about economics by pjaholden
What do points on the demand curve represent in economics?
Points on the demand curve in economics represent the quantity of a good or service that consumers are willing and able to buy at different prices.
What does a downward sloping demand curve signify in economics?
A downward sloping demand curve in economics signifies that as the price of a good or service decreases, the quantity demanded by consumers increases.
Explain the consumer equilibrium with the help of indifference curve?
Explain the consumer equilibrium with the help of indifference curve?
Which market structures has a kinked demand curve in economics?
oligopoly
What does PPC stand for in economics?
PPC stands for Production Possibility Curve.
What do you mean by point of inflection in micro-economics?
It is the same as it is in calculus: Its the point on a curve where the rate of the rate of change of the curve flips.
