Elasticity flashcards

Using Elasticity flashcards

Start with Price Elasticity of Demand if you want to practise what PED measures and what its coefficients mean. Its questions give you a way to check definitions before moving on to interpretation.

For a broader set of measures, Elasticities includes definitions and equations for PED, XED, YED and PES. Another deck focuses on equations for price, cross and income elasticity of demand. The Economics deck also includes definitions of demand and price elasticity of supply.

Build a revision routine

Work through a deck and try to recall each answer before checking it. Return to the cards that need more attention, then move to a focused deck such as Income Elasticity of Demand or Cross Elasticity of Demand. When you want to see how measures connect rather than recall individual answers, switch to a mind map on the unit page.

Choose a set and see which terms you can recall.