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More cards in this set
Card 6
Front
What is the formula for PED?
Back
Card 7
Front
If the PED is perfectly elastic what does the line on a graph look like?
Back
Card 8
Front
If the PED is perfectly inelastic what does the line on a graph look like?
Back
Card 9
Front
If the PED is elastic what does the line on a graph look like?
Back
Card 10
Front
If the PED is inelastic what does the line on a graph look like?
Back
Card 11
Front
If the PED is unit elastic what does the line on a graph look like?
Back
Card 12
Front
What is the formula for Income elasticity of Demand?
Back
Card 13
Front
If YED is negative, what does this mean? (type of good)
Back
Card 14
Front
If YED is positive, what does this mean? (type of good)
Back
Card 15
Front
If YED is between -1 and +1 what does this mean?
Back
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