Business

Price Elasticity of Demand (PED) – AS/A LEVELS/IB/IAL

2130

0

Microeconomics AS/A2 Responsiveness of demand for a good due to a change in its price.
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Microeconomics
AS/A2
Responsiveness of demand for a good due to a change in its price.
Diseconomies of scale (AS/A LEVELS/IB/IAL)

805

0

Diseconomies of scale occur when output increases long run average costs also increase.
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Diseconomies of scale occur when output increases long run average costs also increase.
Economies of scale (AS/A LEVELS/IB/IAL)

2004

0

As output increases there is a fall in long run average costs.
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As output increases there is a fall in long run average costs.
Predatory pricing (AS/A LEVELS/IB/IAL)

602

0

This pricing strategy involves cutting prices below the average cost of production in the short run.
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This pricing strategy involves cutting prices below the average cost of production in the short run.
Opportunity Cost (AS/A LEVELS/IB/IAL)

753

0

Opportunity cost is to do with making choices.
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Opportunity cost is to do with making choices.
Direct & Indirect Taxes (AS/A LEVELS/IB/IAL)

2630

0

A tax is a compulsory charge on the price of goods and services.
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A tax is a compulsory charge on the price of goods and services.
Factors of Production (AS/A LEVELS/IB/IAL)

677

0

Factors of production (Capital, Enterprise, Labour, Land) are used to produce goods and services.
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Factors of production (Capital, Enterprise, Labour, Land) are used to produce goods and services.
Demand (AS/A Levels/IB/IAL)

2168

0

0

Edexcel/AQA/OCR/WJEC Microeconomicse
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Edexcel/AQA/OCR/WJEC 
Microeconomicse

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