1. ELASTICITY Chapter 2
A couple of 'cheat sheet' slides. In other words, a little summary. Hope this helps! Good luck!

2. __?__ elasticity of __?__
4 Types
__?__ elasticity of __?__
Price elasticity of demand
Income elasticity of demand
Cross-price elasticity of demand
Price elasticity of supply

3. Elastic ∞ Interpret the sign Relative E (1-∞) Elastic Complement
Relative IE (0-1)
Inelastic (0)
Unitary E (1)
Interpret the sign +
Normal
Product
0-1
Essential
>1
Luxury Product -
Inferior
Complement
Substitute
Elastic
Relative E (>1)
Inelastic (0)
Unitary E (1)

4. POINT
ARC
WITHOUT slope With SLOPE
WITHOUT slope With SLOPE

5. Price Elasticity Prys Elastisiteit
Perfectly Inelastic
UNITARY Elastic 1
UNITARY Elastic 1
Perfectly Elastic
Perfectly Elastic - 1 +1
Relatively Elastic
1 -
Relatively Inelastic
0-1
Relatively Elastic 1-
Demand
Supply