Mapa mental
Xped
Contenido del mapa
Xped
measures how a change in price for one good effect the demand for another good
% change in quantity demanded for good A / % change in price of good B
1>
- demand is cross price elastic
+ sign
- goods are competing or substitutes
- the higher the Xped the closer they are substitutes
- goods are competing or substitutes
Información
- Descripción
- AS level (Xped Cross price elasticity of demand) Economics Mapa Mental sobre Xped, creado por Aisha Bushra el 10/11/2016.
- Creado por
- Aisha Bushra
- Visitas
- 0
- Valoración
Más sobre Cross Elasticity of Demand