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Textbook Notes for Bobby Barnes

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LUCECON 201Bobby BarnesSpring

ECON 201 Chapter Notes - Chapter 6: Peanut Butter, Unit, Demand Curve

OC11661535 Page
14 Mar 2017
0
6. 1: the price elasticity of demand and its measurement. Law of demand - when the price of a product alls, the quantity demanded of the product increa
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LUCECON 201Bobby BarnesSpring

ECON 201 Chapter Notes - Chapter 10: Marginal Utility, Budget Constraint, Indifference Curve

OC11661535 Page
28 Mar 2017
0
People make choices that will leave them as satisfied as possible, given their tastes, incomes, and prices of the goods and services available to them.
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LUCECON 201Bobby BarnesSpring

ECON 201 Chapter Notes - Chapter 3: Ceteris Paribus, Demand Curve, Normal Good

OC11661537 Page
20 Feb 2017
0
Demand schedules - a table that shows the relationship between the price of a product and the quantity of the product demanded. Quantity demanded - the
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LUCECON 201Bobby BarnesSpring

ECON 201 Chapter 2: Chapter2

OC11661534 Page
13 Feb 2017
0
Ppf - a curve showing the maximum attainable combinations of two goods that can be produced with available resources and current technology. Scarcity -
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LUCECON 201Bobby BarnesSpring

ECON 201 Chapter Notes - Chapter 1: Mixed Economy, Allocative Efficiency, Ceteris Paribus

OC11661537 Page
4 Feb 2017
1
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