Flashcard Set: Microeconomics 1311
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Elasticity Inelastic e= % change Qd % change P e>1 e<1 e=1 slope = change P change Q Total Revenue Relationship b/x elasticity and TR e... Long Run Short Run
Elasticity Inelastic e= % change Qd % change P e>1 e<1 e=1 slope = change P change Q Total Revenue Relationship b/x elasticity and TR e... Long Run Short Run
