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Test Friday!

Test Friday!. Opportunity cost Formulae for: market supply curve, aggregate demand curves If the market for IPhone cases has a demand curve of Q (D)=60-P and a supply curve of Q (S)=2P, then equilibrium price and quantity will be P= _____, Q= _________. More test stuff.

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Test Friday!

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  1. Test Friday! • Opportunity cost • Formulae for: market supply curve, aggregate demand curves • If the market for IPhone cases has a demand curve of Q (D)=60-P and a supply curve of Q (S)=2P, then equilibrium price and quantity will be P= _____, Q= _________

  2. More test stuff • Types of unemployment • Fiscal v monetary policy • Elastic v inelastic • scarcity principle • GDP • CPI • normative economics

  3. And finally… • Treasury • FMOC • Fed • SEC • Central bank • Oligopolies, natural monopolies, cartel, market failure, deflation, inflation

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