ECO 3007 ECO3007 Week 2 Individual Work (Everest)
ECO3007 Week 2 Individual Work (Everest)
WRITING TO LEARN:
Select the top ten (10) most important ideas / concepts that you learned in chapters 3 & 4 of your textbook. NOTE: Choose five from each chapter.
Number your list and write a three to four sentence explanation of why each idea / concept is important to you and how it affects your life.
1. Relative Price versus Money Price
2. Demand Curve
3. Ceteris Paribus Conditions
4. Change in Demand versus Change in Quantity Demanded
5. Equilibrium and Equilibrium Price
1. Price Rationing
2. Black Market and Price Ceilings
3. Rent Controls
4. Agricultural Price Floors
5. Labor Market Price Floors