CFA 2007 Level 1 (course)

Economics - Elasticity (cardbox)

The 21 flashcards

1

The price elasticity of demand is a (...)-free measure of ...

1. units 2. responsiveness
2

Formula Price Elasticity of Demand

Price Elasticity of Demand = Percentage change quantity ...
3

To calculate hte price elasticity of demand, we express the ...

1. average 2. average
4

If the quantity demanded remains constand when the price ...

1. zero 2. perfectly inelastic demand
5

If the percentage change in the quantity demanded equals ...

1. one 2. unit elastic demand
Show all 21 cards

Information

Define and calculate elasticity of demand and supply

Created by: tomanizer on March 5th 2007, 22:53.

Last updated by: tomanizer on March 5th 2007, 23:17.

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Being studied by: tomanizer, longpn, karo, mbreddy4u, bmbeche and 113 other persons.

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