Micro 2.3, 2.4, 2.5 Quiz: PED, PES, Income and Cross Price - Michael Burbine | Library

1

2

Other Answer Choices:

Relatively Price Elastic

0

1

Unitary Elastic

1

Other Answer Choices:

3 and 4

1 and 2

2 and 3

6 and 7

4 and 5

5 and 6

6

Other Answer Choices:

Percent Change in Income

Avg. Qs of Good Y

Percent Change in Price of Good X

Change in Income

Change in Qd of Good X

Avg. Qd of Good Y

Percent Change in Qs of Good Y

Percent Change in Price of Good Y

Percent Change in Qd of Good X

Percent Change in Qd of Good Y

Change in Qs of Good Y

Avg. Price of Good X

Change in Qs of Good X

Percent Change in Qs of Good X

Change in Qd of Good Y

Avg. Qs of Good X

Avg. Qd of Good X

Change in Price of Good X

Avg. Income

Avg. Price of Good Y

Change in Price of Good Y

5

Other Answer Choices:

$120

Perfectly price inelastic

$18

Relatively price elastic

Unitary price elastic

Perfectly price elastic

$72

$90

decreases

$40

Relatively price inelastic

increases