REAL WORLD ISSUE: How do consumers and producers make choices in trying to meet their economic objectives?
How sensitive is demand to price? (PED)
3. Price Elasticity of Demand CLASS OF 2022PED, primary commodities and manufactured goods
6. HL PED and Primary Commodities and Manufactured GoodsImportance of PED for firms and government decision- making
7. PED and Govt and Business decisionsHow sensitive is demand to income? (YED)
4. Income Elasticity of Demand CLASS OF 2022Importance of YED for firms
Importance of YED in explaining changes in the sectoral structure of the economy
8. YED applications HLRemember to join our Quizlet classroom