International Baccalaureate Economics (Important equations) Flashcards on Chapter 3: Elasticities - Important Equations, created by Jasmine Wells on 30/11/2015.
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Created by Jasmine Wells
over 8 years ago
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Created by Jasmine Wells
over 8 years ago
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What is the formula for price elasticity of demand?
What is the formula for cross price elasticity of demand? (XED)
What is the formula for income elasticity of demand? (YED)
What does it indicate if YED<1 ?
What does it indicate if YED>1?
What is the formula for price elasticity of supply?
