Microeconomics Exam #2 Review

Microeconomics Exam #2 Review - Consumer and Producer...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Microeconomics Exam #1 Review 33 multiple-choice questions 14 questions from chapter 3 15 questions from chapter 6 4 questions from chapter 15 Topics to Review Law of demand Change in quantity demanded v. change in demand Determinants of demand Law of supply Determinants of supply Surpluses/shortages Price ceilings/floors Simultaneous shifts of demand and supply
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Consumer and Producer surplus (what they are and calculations) Price Elasticity of demand (various types and calculations) Total revenue and elasticity Cross price elasticity Income elasticity Price elasticity of Supply Tax incidence analysis *be able to perform the calculations that we did in class **see the worked problems for examples...
View Full Document

Ask a homework question - tutors are online