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Card 6
Front
if the PED coefficient is between 0 and 1 it is
Back
Card 7
Front
factors that influence PED include
Back
Card 8
Front
non-price factors affecting demand
Back
Card 9
Front
non-price factors affecting supply
Back
Card 10
Front
PED measures how much ____ responds to a change in ____
Back
Card 11
Front
when a product is price elastic, an increase in price will ____ revenue
Back
Card 12
Front
when a product is price inelastic, an increase in price will ____ revenue
Back
Card 13
Front
YED measures how much ____ responds to a change in ____
Back
See full card set
