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The 4 elasticities

Description of the four types of elasticity

QuestionAnswer
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
Created by: ppsaura
 

 



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