Micro 2.3-Elasticity Summary Recap
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Last updated 4 months ago
4 questions
1
Elasticity of Demand provides information about....
Elasticity of Demand provides information about....
1
How does perfectly elastic demand differ from perfectly inelastic demand?
How does perfectly elastic demand differ from perfectly inelastic demand?
1
Name at least 2 determinants of price elasticity of demand?
Name at least 2 determinants of price elasticity of demand?
1
What are the three main determinants of price elasticity of demand that relate toward the "Availability of Substitutes"?
What are the three main determinants of price elasticity of demand that relate toward the "Availability of Substitutes"?