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Card 6
Front
What is a commodity and how does it relate to PES?
Back
Card 7
Front
What factors effect PES?
Back
Card 8
Front
What is cross price elasticity? (XED)
Back
Card 9
Front
Are close compliments and substitutes elastic or inelastic?
Back
Card 10
Front
Are weak compliments and substitutes elastic or inelastic?
Back
Card 11
Front
What's the formula for XED?
Back
Card 12
Front
What is income elasticity of demand? (YED)
Back
Card 13
Front
What's a normal good?
Back
Card 14
Front
What's an inferior good?
Back
Card 15
Front
What's a luxury good?
Back
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