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Economics: Supply & Demand Tic Tac Toe

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Econ Chapter 5

Created Date 10.08.19
Last Updated 10.09.19
Viewed 35 Times
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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