Unit 2 Microeconomics Vocabulary

Unit 2 Microeconomics Vocabulary Bingo Card
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This bingo card has a free space and 49 words: Law of Demand, Law of Supply, PIRATE, ROTTEN, Income Effect, Substitution Effect, Diminishing Marginal Utility, Change in Quantity Demanded, Change in Quantity Supplied, Normal Goods, Inferior Goods, Substitute Goods, Complement Goods, Subsidy, Taxes, Co-Produced Goods, Substitutes in Production, Elasticity, Elasticity of Demand, Percent Change, Elasticity of Supply, Cross-Price Elasticity, Income Elasticity, Relatively Inelastic, Relatively Elastic, Perfectly Inelastic, Perfectly Elastic, Market Equilibrium, Shortage, Surplus, Pe increases, and Qe increases, Pe decreases, and Qe decreases, Pe increases, and Qe decreases, Pe decreases, and Qe increases, Pe increases, but Qe is indeterminate, Pe decreases, but Qe is indeterminate, Qe increases, but Pe will be indeterminate, Qe decreases, but Pe will be indeterminate., Total Economic Surplus, Producer Surplus, Consumer Surplus, Deadweight Loss, Price Ceiling, Price Floor, Autarky, Free Trade, Tariff, Quota and Tax Revenue.

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