More cards in this set

Card 6

Front

What good is elastic?

Back

Preview of the front of card 6

Card 7

Front

When is PED inelastic?

Back

Preview of the front of card 7

Card 8

Front

What good is inelastic?

Back

Preview of the front of card 8

Card 9

Front

Business relevance of PED?

Back

Preview of the front of card 9

Card 10

Front

If a good is inelastic what should a firm do?

Back

Preview of the front of card 10

Card 11

Front

If a good is elastic what should a firm do?

Back

Preview of the front of card 11

Card 12

Front

What are the determinants of PED?

Back

Preview of the front of card 12

Card 13

Front

Explain availability and closeness of substitutes?

Back

Preview of the front of card 13

Card 14

Front

Explain proportion of expenditure

Back

Preview of the front of card 14

Card 15

Front

Explain time

Back

Preview of the front of card 15