More cards in this set

Card 6

Front

What does it mean if PES= more than 1?

Back

Preview of the front of card 6

Card 7

Front

What does it mean if PES= less than 1?

Back

Preview of the front of card 7

Card 8

Front

What does it mean if PES=1?

Back

Preview of the front of card 8

Card 9

Front

What does it mean if PES=0?

Back

Preview of the front of card 9

Card 10

Front

What does a bigger level of spare capicity mean for PES?

Back

Preview of the front of card 10

Card 11

Front

What does it mean if a firm has a small stock pile for PES?

Back

Preview of the front of card 11

Card 12

Front

What does it mean if the firm has non perishable goods for PES?

Back

Preview of the front of card 12

Card 13

Front

What does it mean for PES if there are lots of entry barriers ?

Back

Preview of the front of card 13

Card 14

Front

Is it true that in the short run PES will be inelastic BUT in the long run PES will be elastic?

Back

Preview of the front of card 14