Elasticites
- Created by: meloakes
- Created on: 28-03-15 16:32
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- Elasticites
- PED
- % change in QD / % chance in P
- 0-1 = demand inelastic
- 1 and above 1 then its demand elastic
- XED
- + sign means substitutes
- - sign means complements
- The higher the number the stronger the relationship
- PED
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