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Elasticity

Alva Runberg arvidsson Econ 7 English

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Elasticity

  1. PED, price elasticity of demand

    • Change in quantity demand/Change in Price
    • a measurement of the change in consumption of a product in relation to a chagne in price
    • Inelastic
    • Elastic
    • Unitary elastic
  2. PED

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7 Econ Mind Map on Elasticity, created by Alva Runberg arvidsson on 19/10/2021.
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