Class 4 Slides Flashcards
1
Q
Elasticity
A
2
Q
Why not use the slope of the demand curve as the measure of responsiveness to demand to price?
A
3
Q
Elasticity notation
A
4
Q
Point elasticity of demand
A
5
Q
Terminology for Elasticity
A
6
Q
Linear demand formula
A
7
Q
Elasticity and linear demand
A
8
Q
Extremes
A
9
Q
Determinants of elasticity
A
10
Q
Elasticity and revenue
A
11
Q
Other types of elasticity
A
12
Q
Log-linear demand
A
13
Q
5-Forces
A
14
Q
Perfect competition
A
15
Q
Demand function in perfect competition
A
16
Q
Firms with market power
A
17
Q
Different market models
A
