Micro Demand/Supply + Elasticities Flashcards
1
Q
What is demand?
A
2
Q
What are the factors affecting demand?
A
3
Q
What are the price mechanisms?
A
4
Q
How do you calculate PED PES YED and XED?
A
5
Q
Factors affecting elasticity of supply
A
6
Q
Factors affecting supply
A