price-consumption curve
1Price elasticity of demand — Not to be confused with Price elasticity of supply. PED is derived from the percentage change in quantity (%ΔQd) and percentage change in price (%ΔP). Price elasticity of demand (PED or Ed) is a measure used in economics to show the… …
2Consumption tax — Taxation An aspect of fiscal policy …
3Demand curve — An example of a demand curve shifting In economics, the demand curve is the graph depicting the relationship between the price of a certain commodity, and the amount of it that consumers are willing and able to purchase at that given price. It is …
4Market price — In economics, market price is the economic price for which a good or service is offered in the marketplace. It is of interest mainly in the study of microeconomics. Market value and market price are equal only under conditions of market… …
5Indifference curve — In microeconomic theory, an indifference curve is a graph showing different bundles of goods, each measured as to quantity, between which a consumer is indifferent. That is, at each point on the curve, the consumer has no preference for one… …
6Effect of taxes and subsidies on price — Taxes and subsidies have the effect of shifting the quantity and price of goods. Tax impact A marginal tax on the sellers of a good will shift the supply curve to the left until the vertical distance between the two supply curves is equal to the… …
7alcohol consumption — Introduction the drinking of beverages containing ethyl alcohol. alcoholic beverages are consumed largely for their physiological and psychological effects, but they are often consumed within specific social contexts and may even be a part of… …
8World energy resources and consumption — In order to directly compare world energy resources and consumption of energy, this article uses SI units and prefixes and measures energy rate (or power) in watts (W) and amounts of energy in joules (J). One watt is one joule per second. In 2005 …
9Natural resources consumption tax — Taxation An aspect of fiscal policy …
10utility and value — ▪ economics Introduction in economics, the determination of the prices of goods and services. The modern industrial economy is characterized by a high degree of interdependence of its parts. The supplier of components or raw materials …
