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Econ Unit 2 - Coggle Diagram
Econ Unit 2
Supply
law of supply
supply schedule
supply curve
equilibrium for supply and demand
decrease and increase in supply
determinants of supply
Demand
law of demand
price
Demand schedule
demand curve
increase and decrease in demand
Black markets
underground economy
intellectual property laws
taxes
price controls
counterfeit goods
price elasticity of demand
price elasticity of supply
PED
income, type of good, etc.
Price controls
price ceilings and price floors
higher and lower than equilibrium price
surplus and deficit