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BUSINESS > ELASTICITY CALCULATIONS > Flashcards

ELASTICITY CALCULATIONS Flashcards

1
Q

PRICE ELASTICITY OF DEMAND (PED)

A

% change in demand / % change in price

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2
Q

INCOME ELASTICITY (YED)

A

% change in quantity demanded / % change in income

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3
Q

ADVERTISING ELASTICITY OF DEMAND

A

% change in quantity demanded / % change in advertisement

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4
Q

CROSS ELASTICITY OF DEMAND (XED)

A

% change in demand of good A / % change of price for good B

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BUSINESS (11 decks)

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