Mapa mental
Cross elasticity of demand
Mind map: Cross elasticity of demand
Conteúdo do mapa
Cross elasticity of demand
Measuring the relationship between 2 products/services
- So measures the effect of a change in the price of 1 of those products (cars) on the other product (petrol)
XED= %change in QD of good A / % hange in price of good B
Look for symbol=substitutes(+) and complements(-)
Look for number= elastic(above 1) and inelastic(below 1)
Informações
- Descrição
- A Levels Economics (Microeconomics) Mapa Mental sobre Cross elasticity of demand, criado por lucyhacking em 01-12-2013.
- Criado por
- lucyhacking
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