Microeconomics Vocabulary

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Presentation transcript:

Microeconomics Vocabulary Microeconomics Sole Proprietorship Law of Supply Partnership Law of Demand Corporation Equilibrium Price Monopoly Elasticity Oligopoly Price Floor Monopolistic Competition Price Ceiling Perfect Competition Surplus Complement Substitute Shortage Money (Monetary unit)

Vocabulary #17 Microeconomics Money (Monetary unit) Law of Demand Directions: Write a very brief definition. (in your own words) Then, write a short paragraph in which you connect the terms and show you understand the relation between the terms.

9/19/12 Law of Supply Equilibrium Price Law of Demand Directions: Write a very brief definition. (in your own words) Then, write a short paragraph in which you connect the terms and show you understand the relation between the terms.

Vocabulary Entry 9/21/12 Equilibrium Price Surplus Shortage Directions: Write a very brief definition. (in your own words) Then, write a short paragraph in which you connect the terms and show you understand the relation between the terms.

Vocabulary 9/26/12 Price Floor Price Ceiling Surplus Shortage Directions: Write a very brief definition. (in your own words) Then, write a short paragraph in which you connect the terms and show you understand the relation between the terms.

Vocabulary 9/27/12 Sole Proprietorship Partnership Corporation Directions: Write a very brief definition. (in your own words) Then, write a short paragraph in which you connect the terms and show you understand the relation between the terms.

Vocabulary 10/1/12 Monopoly Oligopoly Perfect Competition Monopolistic Competition Directions: Write a very brief definition. (in your own words) Then, write a short paragraph in which you connect the terms and show you understand the relation between the terms.