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Microeconomics: Elasticity

Microeconomics

           Topic 3 : Elasticity & Supply

Elasticity Matching Exercise

Topic 4 - Elasticity

Topic 3: Elasticity - Matching Exercise

Match the items on the right to the items on the left

Positive Income Elasticity of Demand
Price Elasticity of Demand
Total Revenue
Demand is elastic and a price decrease occurs, what is the impact on total revenue?             
Marginal Revenue
Price Inelastic
Price Elasticity of Supply
Demand is inelastic and a price decrease occurs, what is the impact on total revenue?             
Negative Income Elasticity of Demand
Price Elastic
  • Last Updated: Feb 27, 2024 12:25 PM
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