CH 4 Flashcards
1
Q
FORMULA: PRICE ELASTICITY OF DEMAND 1/3
A
Initial P / Initial Q * AbsVal of 1/SLOPE
2
Q
FORMULA: PRICE ELASTICITY OF DEMAND
?/? * 1/SLOPE
A
P/Q
3
Q
FORMULA: PRICE ELASTICITY OF DEMAND
P/Q ? 1/SLOPE
A
*
4
Q
FORMULA: PRICE ELASTICITY OF DEMAND
P/Q * ?/?
A
1/SLOPE
5
Q
FORMULA: SLOPE
A
ChangeIn P / ChangeIn Q
6
Q
FORMULA: SLOPE
? / ChangeIn Q
A
ChangeIn P
7
Q
FORMULA: SLOPE
ChangeIn P ? ChangeIn Q
A
/
8
Q
FORMULA: SLOPE
ChangeIn P / ?
A
ChangeIn Q
9
Q
FORMULA: % CHANGE
A
(NEW - OLD / OLD) * 100
10
Q
FORMULA: % CHANGE
(? - OLD / OLD) * 100
A
NEW
11
Q
FORMULA: % CHANGE
(NEW ? OLD / OLD) * 100
A
-
12
Q
FORMULA: % CHANGE
(NEW - ? / OLD) * 100
A
OLD
13
Q
FORMULA: % CHANGE
(NEW - OLD ? OLD) * 100
A
/
14
Q
FORMULA: % CHANGE
(NEW - OLD / ?) * 100
A
OLD
15
Q
FORMULA: % CHANGE
(NEW - OLD / OLD) ? 100
A
*
