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More cards in this set
Card 6
Front
How do you calculate change in demand?
Back
Card 7
Front
How do you calculate change in price?
Back
Card 8
Front
What factors influence PED?
Back
Card 9
Front
Is a luxury good price elastic or inelastic?
Back
Card 10
Front
Will a necessity good be price elastic or inelastic?
Back
Card 11
Front
What is income elasticity of demand (YED)?
Back
Card 12
Front
What is a normal good?
Back
Card 13
Front
What is an inferior good
Back
Card 14
Front
What is the formula for Income elasticity of demand?
Back
Card 15
Front
What is the YED coefficient for an Income inelastic product?
Back
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