5 Microeconomic Shocks

Price signals, real-time pricing, competition, efficiency, willingness-to-pay, production costs, quota system, free lunch, shifters, demand shock, tastes, preferences, popularity, advertisement, permanent income, normal good, inferior good, consumption substitutes, consumption complements, supply shock, production cost, wage rate, regulations, taxes, subsidy, technology, unit cost, input costs, production substitutes, production complements.