More cards in this set

Card 16

Front

What is the equation for price elasticity of demand?

Back

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Card 17

Front

What does a value less than 1 mean?

Back

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Card 18

Front

What is the effect of demand being price inelastic if prices are raised?

Back

Preview of the front of card 18

Card 19

Front

What is the effect of demand being price elastic if prices are raised?

Back

Preview of the front of card 19