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More cards in this set
Card 6
Front
What can PED help to predict?
Back
Card 7
Front
Why is PED more important to producers in mass markets?
Back
Card 8
Front
How is price elasticity of demand calculated?
Back
Card 9
Front
What does price elastic mean?
Back
Card 10
Front
In the calculation for PED if a product is price elastic what will its numerical value be?
Back
Card 11
Front
What does unit price elasticity mean?
Back
Card 12
Front
In the calculation for PED if a product is unit price elastic what will its numerical value be?
Back
Card 13
Front
What does price inelastic mean?
Back
Card 14
Front
In the calculation for PED if a product is price inelastic what will its numerical value be?
Back
Card 15
Front
How does the number and closeness of substitutes influence PED?
Back
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