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Card 16
Front
If PED = 1 what is it called?
Back
Card 17
Front
If PED > 1 what is it called?
Back
Card 18
Front
What are the factors influencing elasticity?
Back
Card 19
Front
What happens to quantity demand for normal and inferior goods when the price is increased?
Back
Card 20
Front
What does it mean if a product is inelastic?
Back
Card 21
Front
What does it mean if a product is elastic?
Back
Card 22
Front
What does it mean if a product is perfectly inelastic?
Back
Card 23
Front
What does it mean if a product is perfectly elastic?
Back
Card 24
Front
What does it mean if a product is unit elastic?
Back
Card 25
Front
Why is PED useful?
Back
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