More cards in this set

Card 16

Front

What must the elasticity be to increase revenue?

Back

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Card 17

Front

What does the elasticity need to be to decrease revenue?

Back

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Card 18

Front

What makes something Price elastic of demand?

Back

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Card 19

Front

What makes something Price inelastic of demand?

Back

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Card 20

Front

What does YED measure and how is it calculated?

Back

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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

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Card 22

Front

What does XED measure?

Back

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