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AP Eon Unit 2

QuestionAnswer
Price Elasticity of Demand %changeQD / %changeP Inelastic vs Elastic Unit Elastic=1 Elastic > 1 Inelastic <1
Price Elasticity of Supply %changeQS / %changeP Inelastic vs Elastic Unit Elastic=1 Elastic > 1 Inelastic <1
Cross Price Elasticity of Demand %changeQD / %changeP 2 Compliments vs Substitutes compliment <0 Substitute>0
Income Elasticity of Demand %changeQD / %change Income Inferior vs Normal Inferior<0 Normal>0 luxury is 2+
Created by: 27eenglert
 

 



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