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ECONOMICS Correlation's Flashcards | StudBud

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_______: Changes in supply :: Other factors constant: Variations in supply

Total revenue:______ :: Average revenue: TV/TQ

ECONOMICS Correlation's

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Questions 5

Answers

1
Total revenue:______ :: Average revenue: TV/TQ
P × Q
P/Q
2
_______: Changes in supply :: Other factors constant: Variations in supply
Factors constant
Price constant
3
Demand curve:______ :: Supply curve: Upward slope
Upward
Toward
Downward
Rightward
4
Total cost: TFC +TVC :: Average cost:______
TC / TQ
TC + TQ
5
Expansion of supply: Price rises :: Contraction of supply:_______
Price decreases
Price increases
Price falls