Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

economics > chapter 12- PES > Flashcards

chapter 12- PES Flashcards

1
Q

definition of PES

A

PES measures the degree of responsiveness of the quantity supplied of a product following a change in its price.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

definition of stocks

A

stocks are the raw materials, components and finished goods used in the production process.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

economics (18 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions