A study of economics in terms of individual areas of activity or single factors.
Microeconomics

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History
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11th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Microeconomics
2.
FLASHCARD QUESTION
Front
This diagram shows the characteristics and/or relationships between households and businesses in the economy.
Back
Circular Flow Diagram
3.
FLASHCARD QUESTION
Front
Demand is the quantity the _____________ is willing to buy
Back
Consumer
4.
FLASHCARD QUESTION
Front
Supply is the quantity the __________ is able to sell at a price.
Back
Producer
5.
FLASHCARD QUESTION
Front
Quantity of the goods that the buyers are able matches the quantity being sold.
Back
Equilibrium Price
6.
FLASHCARD QUESTION
Front
The seesaw is an example of which law?
Back
Law of Demand
7.
FLASHCARD QUESTION
Front
The elevator is an example of which law?
Back
Law of Supply
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