poverty trap 363

predatory pricing 220, 267

premiums 394

present discounted value (PDV)

533

present value 416

price 31, 49, 54, 250

price cap regulation 270

price ceiling 71, 76

price control 76

public good 316

Public policy 377

Q
quantity demanded 49, 246

Special interest groups 439

Special Supplemental Food

Program for Women, Infants and

Children (WIC) 369

specialization 13, 454

spillovers 283

quantity supplied 50

splitting up the value chain 462

quintiles 371

quotas 442

R
race to the bottom 485

rational ignorance 437

Raw materials prices 165
Redistribution 376
redlining 347

Standard & Poor’s 500 index

418

Stock 410, 424

stocks 533

straight-line demand curve 115

subsidies 476

substitute 57

substitution effect 147, 523

sunk costs 33, 171

regulatory capture 271, 439

Supplemental Nutrition

price controls 71, 103, 440

Rent 165

Assistance Program (SNAP)

Price elasticity 112

restrictive practices 266

368

price elasticity of demand 112
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