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Card 1 of 23

In this topic, if output rises, what has increased - GDP or market quantity traded?

A

Market price level.

B

Consumer income.

C

Gross domestic product.

D

Market quantity traded.

Card 1 of 23

The determination of equilibrium price and output in a freely competitive market Flashcards

  1. A Level
  2. /Economics
  3. /The determination of equilibrium price and output in a freely competitive market

23 flashcards on Eduqas A Level Economics The determination of equilibrium price and output in a freely competitive market: the key terms, economic models and case studies you need to recall for Component 1, Component 2 and Component 3.

Flashcards