* daryl. (mugging don't talk to me) says:
*KAY PRACTICE FOR YOU
*DEFINE THE CONCEPTS OF ELASTICITY
Wei Xuan says:
*omg
daryl. (mugging don't talk to me) *uto-message: shaddap go away
Wei Xuan says:
*i lazy to type out lehhh
*PED measures the degree of responsiveness of the demand of the product in response to a change in the price of the same product, ceteris paribus
*YED measures the degree of responsiveness of the demand of the product in response to a change in the consumer's income
*CED measures the degree of responsiveness of the demand of the product in response to a change in the price of another product
*PES measures the degree of responsiveness of the supply of the product in response to a change in the price of the same product
daryl. (mugging don't talk to me) says:
*hee hee thanks
*i lazy to check notes
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