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AP > ELASTICITY > Flashcards

ELASTICITY Flashcards

1
Q

Elastic Demand

A

Price greater than 1

May pamalit o alternatibo

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2
Q

Inelastic Demand

A

Price less than 1

Kahit gaano tumaas ang presyo, bibilhin ng tao kasi kailangan

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2
Q

Inelastic Supply

A

Di gaanong kailangan

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3
Q

Unitary

A

Price is equal to 1

Same as equilibrium

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4
Q

Perfect elastic demand

A

Price is infinity

Kahit magbago yung Qd and Qs, price is still constant

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5
Q

Perfect inelastic demand

A

Price is 0

Kahit magbago ang presyo, hindi magbabago ang Qd and Qs

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6
Q

Equation

A

MORE ON PAGE 213 - 214

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AP (4 decks)

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