Elasticity numbers Flashcards
1
Q
unit elastic
A
1
2
Q
perfectly inelastic
A
0, verticle line
3
Q
greater than one
A
unit inelastic
4
Q
infinity
A
perfectly inelastic, horizontal
unit elastic
1
perfectly inelastic
0, verticle line
greater than one
unit inelastic
infinity
perfectly inelastic, horizontal