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5.1B Elasticity Review

Poslední aktualizace about 3 years ago

6 Dotazy

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Otázka 1

1.

In regular human everyday language, what is elasticity again?

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Otázka 2

2.

What kind of elasticity is shown here for supply?

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Otázka 3

3.

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Otázka 4

4.

In plain language, what does it mean when elasticity is greater than 1?

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Otázka 5

5.

When price changes a little bit...

flat line.

quantity demanded changes very little.

Quantity demanded changes A LOT!!!

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Otázka 6

6.

In these scenarios, when price changes...

quantity demanded does not change a lot in comparison.

please! No more, Mr. Joo.