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microeconomics - Coggle Diagram
microeconomics
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POSITIVE STATE: object,verify
NORMATIVE STATE: subject,can'tverify
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FREELUNCH: get free, unfair, insidePPF
PPF : producer, slope=OC<0increase, concave, bowedinward, ineffecient inside, unattainable outside, linearconstant
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COMPARATIVE ADV: OC, spcialize, trade
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DEM
SHIFT/DETERMINANT:
INCOME: infer(I,Q oppostie), normal(I,Q same)
PRICERELATED: substi(Pthis,Qthat same), comple(Pthis,Dthat opposite)
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price,quantiy opposite (LAW)-> MOVEMENT
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SUP
SHIFT: techno, inputprice, seller, taxsusidy, expectation
price, quantity same (LAW)
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EQUI : quantiy supplied = demand, injtersection
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