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Economics A level Micro > Price, income and cross elasticities of demand > Flashcards

Price, income and cross elasticities of demand Flashcards

1
Q

What is the formula for percentage change?

A
  • Change in value divided by original value multiplied by 100.
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2
Q

What is an elasticity coefficient?

A
  • The measure of the response of one variable to changed in another variable.
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3
Q
A
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Economics A level Micro (8 decks)

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