Cambridge Cambridge International AS & A Level Economics 9708 · 2.2.4
Descriptions of elasticity values
- Code
- 2.2.4
- In
- 2.2 Price elasticity, income elasticity and cross elasticity of demand
- Topic
- 2 The price system and the microeconomy (AS Level)
- Course
- Cambridge International AS & A Level Economics 9708
- Board
- Cambridge
Grade boundaries·Cambridge command words
Codes and titles are read by a script from Cambridge's published specification and have not been checked by a person. What each point covers is in the specification itself: Cambridge’s specification.
Points in 2.2 Price elasticity, income elasticity and cross elasticity of demand
- 2.2.1 Definitions of PED, YED and XED
- 2.2.2 Calculating demand elasticities
- 2.2.3 Interpreting elasticity coefficients
- 2.2.4 Descriptions of elasticity values
- 2.2.5 PED along a straight-line demand curve
- 2.2.6 Factors affecting PED, YED and XED
- 2.2.7 relationship between price elasticity of demand and total expenditure on a product
- 2.2.8 Elasticities and decision-making