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GCSE
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Card 6
Front
In the calculation for YED, what is the numerical value for a unitary income elastic good?
Back
Card 7
Front
What does income inelastic mean?
Back
Card 8
Front
In the calculation for YED, what is the numerical value for an income inelastic good?
Back
Card 9
Front
What are normal goods?
Back
Card 10
Front
What is the YED value for normal goods
Back
Card 11
Front
What are inferior goods?
Back
Card 12
Front
When does the demand for inferior goods rise?
Back
Card 13
Front
Why is YED important?
Back
See full card set