CFA Economics

The flashcards below were created by user mallymcl on FreezingBlue Flashcards.

  1. Demand curve is a function of?
    • Price
    • Income
    • Price of related goods
  2. Supply curve is a function of?
    • Selling Price
    • Wages
    • Cost of Materials
  3. Auctions
    • English (ascending)
    • Sealed Bid
    • Vickery (sealed bid)
    • Dutch (descending bid)
    • modified Dutch (all get lowest)
  4. what is the deadweight loss from over supply and under supply?
    • over and under supply = deadweight loss to both producer and consumer
    • slope of D & S depends who bears most.
Author:
mallymcl
ID:
249308
Card Set:
CFA Economics
Updated:
2013-11-27 09:01:40
Tags:
CFA Economics
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Description:
CFA Economics Level 1 2013
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