Elasticities Flashcards

1
Q

PED Factors

A

Substitutes
Percentage of income
Necessities
Habit forming
Time period

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

PES factors

A

Production Lag
Stocks
Spare capacity
Substitutability
Time

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