elasticities matchingVersión en línea elasticities matching por Shaner Adams 1 elastic 2 inelastic 3 unit elastic 4 perfectly inelastic 5 perfectly elastic Hostess snack cakes % change q > % change p % change q/ %change p >1 price ^, tr v price v, tr ^ ^, v or v, ^ (arms go disco elastic) % change q < % change p % change q / % change p < 1 oil p ^, tr ^ p v, tr v ^, ^ or v, v (arms form an "I") % change q = % change p % change q/ % change p =1 demand curve is straight vertical necessity no substitutes insulin demand curve is straight horizontal rice price cannot go up or demand will drop to 0 % change q/ % change p = infinite can be substituted with just about anything
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