Economics Elasticity

HideShow resource information
  • Created by: tomtom11
  • Created on: 20-04-16 19:34
YED of -0.3
Inferior Good
1 of 7
XED of +0.6
Substitute Good
2 of 7
YED of +0.7
Normal Good
3 of 7
XED of -0.8
Complimentary Good
4 of 7
YED of +2
Luxury Good
5 of 7
PED or PES of -0.2
Means +0.2, and it means inelastic
6 of 7
PED or PES of -1.5
Means +1.5, and it means elastic
7 of 7

Other cards in this set

Card 2

Front

Substitute Good

Back

XED of +0.6

Card 3

Front

Normal Good

Back

Preview of the back of card 3

Card 4

Front

Complimentary Good

Back

Preview of the back of card 4

Card 5

Front

Luxury Good

Back

Preview of the back of card 5
View more cards

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »See all Elasticity resources »