More cards in this set

Card 6

Front

What is the YED of a normal good?

Back

Preview of the front of card 6

Card 7

Front

What is the YED of an inferior good]?

Back

Preview of the front of card 7

Card 8

Front

What is the equation for Cross price elastcity?

Back

Preview of the front of card 8

Card 9

Front

What is the XED when its a substitute good?

Back

Preview of the front of card 9

Card 10

Front

What is the XED when its a complementary good?

Back

Preview of the front of card 10

Card 11

Front

What does XED show if its close to zero?

Back

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Card 12

Front

What does Perfectly elastic demand show?

Back

Preview of the front of card 12

Card 13

Front

What does Perfectly inelastic demand show?

Back

Preview of the front of card 13