Quizlet
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| 1-1 of 1Inelastic flashcard sets | |||
|---|---|---|---|
| # | Title | Terms | Date |
| 1 | perfectly elastic and inelastic demandby kimleyeng | 2 terms | July 21, 2007 |
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| inelastic definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | describes demand that is not very sensitive to a change in price | 35 sets | |
| 2 | a given change in price causes a relatively smaller change in the quantity demanded | 9 sets | |
| 3 | describes demand that is not sensitive to change in price | 4 sets | |
| 4 | describes demand that is not very sensitive to a change in price. | 4 sets | |
| 5 | type of elasticity where the percentage change in the independent variable (usually price) causes a less than proportionate change in the dependent variable (usually quantity demanded or supplied) | 3 sets | |
| 6 | if a change in price has little or no effect on the quanity demanded, we say that demand for the item. | 3 sets | |
| 7 | not elastic | 3 sets | |
| 8 | if a change in price has little or no effect on the quantity demanded, we say that demand for the item is | 2 sets | |
| 9 | changes in price have little or no affect | 2 sets | |
| 10 | demand not sensitive to price change (pencils "not shoes thole") | 2 sets | |
| 11 | describes demand that is not very sensitive to price changes | 2 sets | |
| 12 | | emap | < 1 | 2 sets | |
| 13 | if the price elasticity of demand is less than one, the demand for a good is | 2 sets | |
| 14 | if a change in price has little or no effect on the quantity demande. | 1 set | |
| 15 | if a price change has little effect in the damand. | 1 set | |
| 16 | if a change in price has little or no effect on the quanity demanded. | 1 set | |
| 17 | if a change in price has little or no | 1 set | |
| 18 | if a change in price has little or no effect on the quantity demanded, we say that demand for the item is. | 1 set | |
| 19 | if the change in price has little or no effect on the quantity demand | 1 set | |
| 20 | demand for a product that is not significantly affected when the item's prices changes. | 1 set | |
| 21 | price increases more than 50% and quantity demanded goes down 20% a good is? | 1 set | |
| 22 | if the change has no little or no effect | 1 set | |
| 23 | gasoline has this type of demand. | 1 set | |
| 24 | the price has little effect on the demand | 1 set | |
| 25 | term applied to a material that does not return to its original shape after it has been stretched or compressed | 1 set | |
| 26 | if a small change in price leads to a smaller change in quantity demanded; increased price will lead to increased revenue | 1 set | |
| 27 | demand remains constant but price increases | 1 set | |
| 28 | term applied to a material that does not return to its original shape after it has been stretched or compressed (also called plastic). | 1 set | |
| 29 | when a change in price will not have much effect on the demand for a product | 1 set | |
| 30 | adj.無彈性的 | 1 set | |
| 31 | term applied to a material that does not return to it's original shape after it has been stretched | 1 set | |
| 32 | elasticity where percentage change in independent variable (price) causes a less than proportionate cdhange in dependetn variable | 1 set | |
| 33 | when objects stick together (momentum) | 1 set | |
| 34 | short time horizon | 1 set | |
| 35 | broad market | 1 set | |
| 36 | term applied to a material that does not return to its orighinal shape after it has been stretched or compressed | 1 set | |
| 37 | necessities | 1 set | |
| 38 | collision where mechanical energy changes but momentum is still conserved | 1 set | |
| 39 | demand for a good that consumers will continue to buy despite a price increase | 1 set | |
| 40 | monopoly: the demand for a product is highly ____ | 1 set | |