micro XED YED Flashcards
1
Q
what is PED
A
Price elasticity demand - it measures the responsiveness of quantity demanded given a change in price.
it is always negative
economics oundle (macro) > micro XED YED > Flashcards
what is PED
Price elasticity demand - it measures the responsiveness of quantity demanded given a change in price.
it is always negative
economics oundle (macro) (19 decks)