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Card 6
Front
What values are inelastic?
Back
Card 7
Front
What does inelastic PED mean?
Back
Card 8
Front
What is an inelastic good?
Back
Card 9
Front
What value is unitary?
Back
Card 10
Front
What does unitary mean?
Back
Card 11
Front
What is the business relevance of PED?
Back
Card 12
Front
If a good is inelastic what should firms do?
Back
Card 13
Front
If a good is elastic what should firms do?
Back
Card 14
Front
What are the three determinants of elasticity?
Back
Card 15
Front
Explain the availability and closeness of substitutes
Back
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