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# The 4 elasticities

### Description of the four types of elasticity

Question | Answer |
---|---|

PED measures the percentage change in the quantity DEMANDED for one good caused by the percentage change in the __ __ __ | PRICE OF THAT GOOD |

PES measures the percentage change in the quantity SUPPLIED for one good caused by the percentage change in the __ __ __ | PRICE OF THAT GOOD |

CED measures the percentage change in the quantity DEMANDED for one good caused by the percentage change in the __ __ __ | PRICE OF OTHER GOOD |

YED measures the percentage change in the quantity DEMANDED for one good caused by the percentage change in the ________ | INCOME |

PED measures the percentage change in the quantity ______ for one good caused by the percentage change in the PRICE OF THAT GOOD | DEMANDED |

PES measures the percentage change in the quantity ______ for one good caused by the percentage change in the PRICE OF THAT GOOD | SUPPLIED |

CED measures the percentage change in the quantity _______ for one good caused by the percentage change in the PRICE OF OTHER GOOD | DEMANDED |

YED measures the percentage change in the quantity _______ for one good caused by the percentage change in the INCOME | DEMANDED |

PED measures __ __ __ quantity DEMANDED for one good caused by __ __ __ PRICE OF THAT GOOD | the percentage change in the |

PED measures the percentage change in the __ __ __ the percentage change in the PRICE OF THAT GOOD | quantity DEMANDED for one good caused by |

PES measures __ __ __ quantity SUPPLIED for one good caused by __ __ __ PRICE OF THAT GOOD | the percentage change in the |

PES measures the percentage change in the __ __ __ the percentage change in the PRICE OF THAT GOOD | quantity SUPPLIED for one good caused by |

CED measures __ __ __ quantity DEMANDED for one good caused by __ __ __ PRICE OF OTHER GOOD | the percentage change in the |

CED measures the percentage change in the __ __ __ the percentage change in the PRICE OF OTHER GOOD | quantity DEMANDED for one good caused by |

YED measure __ __ __ quantity DEMANDED for one good caused by __ __ __ INCOME | the percentage change in the |

YED measures the percentage change in the __ __ __ the percentage change in the INCOME | quantity DEMANDED for one good caused by |

CED is ______ Elasticity of Demand | CROSS |

PED is ______ Elasticity of Demand | PRICE |

YED is ______ Elasticity of Demand | INCOME |

PES is Price Elasticity of ______ | SUPPLY |