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memorize.ai (lvl 286)

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Section 1

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price elasticity of supply

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iOS Dev Swift

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Mar 1, 2020

Cards (6)

Section 1

(6 cards)

price elasticity of supply

Front

the percentage change in quantity supplied divided by the percentage change in price

Back

inelastic demand/supply

Front

less than 1

Back

elastic demand/supply

Front

greater than 1

Back

price elasticity of demand

Front

the percentage change in quantity demanded relative to a percentage change in price

Back

unitary elasticity

Front

proportional

Back

price price elasticity

Front

the ratio of the percentage change in demand to the percentage change in price

Back