Supply and demand/Related Articles: Difference between revisions

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==Definitions==
==Definitions==
:{{r|Consumer surplus}}
:{{r|Cross elasticity of demand}}
:{{r|Diminishing returns}}
:{{r|Elasticity}}
:{{r|Elasticity}}
:{{r|Elasticity of demand}}
:{{r|Elasticity of substitution}}
:{{r|Giffen good}}
:{{r|Income effect}}
:{{r|Marginal utility}}
:{{r|Market}}
:{{r|Market}}
:{{r|Producer surplus}}
:{{r|Scale economies}}
:{{r|Substitution effect}}
:{{r|Veblen good}}

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A list of Citizendium articles, and planned articles, about Supply and demand.
See also changes related to Supply and demand, or pages that link to Supply and demand or to this page or whose text contains "Supply and demand".

Index

Index to topics in economics articles

Definitions

  • Consumer surplus [r]: The excess of what a consumer is willing to pay for a product over what he has to pay for it. [e]
  • Cross elasticity of demand [r]: The percentage change in the quantity demanded of one good as a result of a unit percentage change in the price of another good. [e]
  • Diminishing returns [r]: The tendency for the output resulting from the employment of an addition unit of a factor of production to fall as the amount of that unit is increased when all other factors of production are held constant (cf economies of scale). [e]
  • Elasticity [r]: Please do not use this term in your topic list, because there is no single article for it. Please substitute a more precise term. See Elasticity (disambiguation) for a list of available, more precise, topics. Please add a new usage if needed.
  • Elasticity of demand [r]: The percentage change in the amount of a product that is demanded that is caused by a unit percentage change in its price. [e]
  • Elasticity of substitution [r]: The percentage change in the ratio of the amounts of two products that is demanded that is caused by a unit percentage change in the ratio of their unit prices. [e]
  • Giffen good [r]: An "inferior product" for which the amount demanded falls when its price falls (because the increase in income resulting from the price reduction prompts the consumer to switch expenditure to a more expensive product). [e]
  • Income effect [r]: The tendency of the demand for a product to change in response to a change in its price because the price change has the effect of changing the consumer's income. [e]
  • Marginal utility [r]: The increase in the satisfaction experienced by a consumer caused by a unit increase in his possession of a product. [e]
  • Market [r]: A term used in commerce and economics to denote a conjunction of buyers and sellers. [e]
  • Producer surplus [r]: The excess of the revenue that a producer gets from the sale of a product over the minimum that he would be willing to accept for it. [e]
  • Substitution effect [r]: The tendency of consumers to switch spending to or from a product in response to a change in its price relative to that of a substitute. [e]
  • Veblen good [r]: A product, the demand for which increases when its price increases because consumers obtain more satisfaction from more expensive products. [e]