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AP Microeconomics: Elasticity
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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
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 ...
17
Is the cross price elasticity for ...
18
What is the income elasticity of demand?
19
What is the ratio used for finding ...
20
If a good is a normal good, what will ...
21
What is a substitute good?
22
True or False: similar products made by ...
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Deck Author
Taylor Cleland
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Free Flashcard From AP Microeconomics: Elasticity
Question:
What is cross price elasticity?
Answer:
a measure of the effects in price change of one good on the quantity demanded of another good