Tuesday, April 1, 2014

Economics Vocabulary Terms

Using your Economics books define these terms 

Supply, Demand and Price (Chapter 5 and 6)
  1. Supply
  2. Law of Supply
  3. Equilibrium price
  4. Price Ceiling
  5. Price Floor
  6. Increasing Marginal Returns
  7. Diminishing Marginal Returns
  8. Total Costs
  9. Fixed Costs
  10. Variable Costs

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