Economics: Supply & Demand Tic Tac Toe
Econ Chapter 5
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Topics of this game:
- Elasticity measures:
- Price Elasticity of Demand is calculated using the:
- Using a straight percentage method to calculate Ed will result in a:
- The Mid-Point is another way of calculating the
- If a buyer is price elastic, they are
- If a buyer is price inelastic, they
- Luxuries, such as fancy clothes, would tend to have an
- Necessities, such as medicine, would tend to have an:
- If ED= .65, the good will have an
- If ED= 1.34, the good will have an
- If ED=1.0, the good will have an
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