Microeconomics - Key Vocabulary

Flashcards by Hayle Short, created more than 1 year ago

International Baccalaureate (IB) HL Economics (Microeconomics) Flashcards on Microeconomics - Key Vocabulary, created by Hayle Short on 03/05/2019.

	Created by Hayle Short almost 5 years ago

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income effect

substitution effect

consumer surplus

producer surplus

Allocative Efficiency