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More cards in this set
Card 6
Front
What does it mean if PES= more than 1?
Back
Card 7
Front
What does it mean if PES= less than 1?
Back
Card 8
Front
What does it mean if PES=1?
Back
Card 9
Front
What does it mean if PES=0?
Back
Card 10
Front
What does a bigger level of spare capicity mean for PES?
Back
Card 11
Front
What does it mean if a firm has a small stock pile for PES?
Back
Card 12
Front
What does it mean if the firm has non perishable goods for PES?
Back
Card 13
Front
What does it mean for PES if there are lots of entry barriers ?
Back
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
See full card set