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Card 16
Front
What must the elasticity be to increase revenue?
Back
Card 17
Front
What does the elasticity need to be to decrease revenue?
Back
Card 18
Front
What makes something Price elastic of demand?
Back
Card 19
Front
What makes something Price inelastic of demand?
Back
Card 20
Front
What does YED measure and how is it calculated?
Back
Card 21
Front
Is it true that with normal goods the more income the more demand and with inferior goods it is the opposite?
Back
Card 22
Front
What does XED measure?
Back
See full card set