Elasticities Flashcards
1
Q
PED Factors
A
Substitutes
Percentage of income
Necessities
Habit forming
Time period
2
Q
PES factors
A
Production Lag
Stocks
Spare capacity
Substitutability
Time
PED Factors
Substitutes
Percentage of income
Necessities
Habit forming
Time period
PES factors
Production Lag
Stocks
Spare capacity
Substitutability
Time