Income from the forest

Classified in Economy

Written at on English with a size of 917 bytes.

 

%change in quantity  = change in quantity demanded x100

                                              original quantity  
% change in price = change in price x100
                                 original price 
PED  : % change in quantity 
          % change in price 

YED : %quantity demanded 
         % change in income

XED : %change in quantity product A 
         % change in price product B 
PED : numerical measurement in the responsiveness of the quantity demanded to a change in product
YED : to a change in income
PES : quantity supplied to a change in the price of the product 
XED : change in quantity to a change in price

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