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AP Microeconomics: Elasticity
About this Free Flashcard Deck
Last update by
swtxhunnie
on 05/07/2009
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AP Microeconomics: Elasticity
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to review the concept of elasticity in preparation for the AP Microeconomics exam
Teams
This Deck Belongs To
DemiDec
,
Microeconomics
,
AP Microeconomics
Flashcard Deck Tags
AP Microeconomics
,
demand curve
,
elasticity
,
goods
,
AP Microeconomics: Elasticity
Flashcard Review
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.
12
True or false: foods tend to be elastic ...
13
What is cross price elasticity?
14
If two goods are substitutes, is the ...
15
Goods A and B are substitutes. The ...
16
Goods F and G are complements. What ...
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Deck Author
Taylor Cleland
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Free Flashcard From AP Microeconomics: Elasticity
Question:
The price of a good is raised, and total revenue decreases. What type of elasticity does this good have?
Answer:
elastic