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AP Microeconomics: Elasticity
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Last Updated By
swtxhunnie
on 05/07/2009
Cards:
47
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to review the concept of elasticity in preparation for the AP Microeconomics exam
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Microeconomics
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DemiDec
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AP Microeconomics
Flashcard Deck Tags
AP Microeconomics
,
demand curve
,
elasticity
,
goods
,
AP Microeconomics: Elasticity
Flashcard Review
2
What is the ratio of price elasticity ...
3
If the ratio of price elasticity is ...
4
If the ratio of price elasticity is ...
5
If the ratio of price elasticity is ...
6
True or False: when determining the ...
7
The price of a good is raised, and ...
8
The price of a good is decreased, but ...
9
The price of a good is increased, and ...
10
What is the main determinate of the ...
11
Give an example of an inelastic good.
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Deck Author
Taylor Cleland
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Free Flashcard From AP Microeconomics: Elasticity
Question:
What is price elasticity of demand?
Answer:
a measure of change in quantity demanded as it relates to the change in price