Name the graph | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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15

what does the movement from LAC1 to LAC2 indicate?

It indicates External Economies of Scale

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15

What does this horizontal line represent?

Fixed Costs

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seesaw

Swap points!

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seesaw

Swap points!

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fairy

Take points!

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lifesaver

Give 10 points!

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15

If the government restricts immigration of labour whilst setting a minimum wage. what will be the new equilibrium from the original which was at X

B

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15

Which diagram shows a continuous decline in the cost of living?

D

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trap

No points!

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gold

Win 50 points!

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fairy

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thief

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15

What is represented by the shaded area?

Dissavings

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boom

Lose 50 points!

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star

Double points!

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gift

Win 20 points!

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banana

Go to last place!

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heart

Other team wins 20 points!

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rocket

Go to first place!

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rocket

Go to first place!

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baam

Lose 5 points!

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15

what does the graph show

Maximum Price

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15

Identify the graph

Backward bending supply curve of labour indicating that after a certain wage people prefer leisure to work

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15

What costs curve does this upward sloping curve represent?

Variable Costs

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15

What is the extent is of disequilibrium in the market at a price of $2.50

Supply exceeds demand by 400,000 tonnes

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20

What happens when we move from point A to point B

We gain 250 of good T and lose 250 of good R

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15

Identify what this graph shows

Perfectly Inelastic Demand

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15

What does this graph illustrate

Perfectly elastic demand

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