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Card 6

Front

What is the value of PED with price elastic demand?

Back

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Card 7

Front

What does price elastic demand mean?

Back

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Card 8

Front

What is the value of PED with unitary elastic demand?

Back

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Card 9

Front

What does unitary elastic demand mean?

Back

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Card 10

Front

What is the value of PED with perfectly elastic demand?

Back

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Card 11

Front

What does perfectly elastic demand mean?

Back

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Card 12

Front

How does price elastic demand affect total revenue following a price change?

Back

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Card 13

Front

How does price inelastic demand affect total revenue following a price change?

Back

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Card 14

Front

What are 5 examples that affect PED?

Back

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Card 15

Front

How do substitutes affect PED?

Back

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