AP Microeconomics Demand and Supply. Price and Quantity Price – the amount of money paid for an economic good/service – Ex. A gallon of gasoline has a.
AP Macroeconomics Demand and Supply. Price and Quantity Price – the amount of money paid for an economic good/service – Ex. A gallon of gasoline has a.
Mr. Mayer AP Macroeconomics Demand and Supply. Price and Quantity Price – the amount of money paid for an economic good/service – Ex. A gallon of gasoline.
Tutorial 2 Elasticity. Elasticity 1 The price of orange falls from 15B to 10B per kilogram and the quantity demanded goes from 100,000 to 200,000 kilograms.
Chapter 4 Demand- the desire to own something. Law of Demand - consumers buy more of a good when its price decreases and less when its price increases.
Unit 2 Test Review. 1. A volcano erupts in Hawaii that destroys or damages many of the orchards that supply the US with pineapples. What will be the effect.
Mr. Mayer AP Macroeconomics
AP Macroeconomics
