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More cards in this set
Card 16
Front
What affects PED?
Back
Card 17
Front
What affects PES?
Back
Card 18
Front
What is income elasticity of demand?
Back
Card 19
Front
How is IED calculated?
Back
Card 20
Front
What does PED/PES/IED mean?
Back
Card 21
Front
What is perfectly elastic demand/supply?
Back
Card 22
Front
What is perfectly inelastic demand/supply?
Back
Card 23
Front
What are the applications of elasticity?
Back
Card 24
Front
Regarding IED, what is the difference between a normal and an inferior good?
Back
Card 25
Front
What does 'PED is unity' mean?
Back
See full card set