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Wednesday 17 December 2008

A small question....!

Elasticity:
IF PED,PES,XED and YED = 1:What does it called?(Each situation)
And can u show me all types of Taxes and goods...with the descriptions please....
All RIGHT comments are welcome....!Thanks....

11 comments:

Mr.Lex said...

Can anyone help me about types of taxes and goods please,my dearest friends????? = =...

Hai Long said...

---- The YED = 1
It might be the normal good or the inferior good
- It might be the inferior good because when the price rises by 100% and the demand falls by 100% and vise versa for the normal good
----- The XED = 1
Two goods have no relation ship
----- The PES = 1
Change in price causes an exactly change in quantity supplied ... In the diagram u can draw a line go through 0 and have the angle = 45
------ The PED = 1
I have no idea hehe

Brenda said...

哈哈,其实回答你问题的不是我拉,全是CHRIS弄得,我的博客也是他在写`~~~~

chris sivewright said...

why did you delete my comment Beavis?

Mr.Lex said...

To MR.Chris:
What!!!!!!Never!!!...Your comment didn't appear here MR.Chris.I even didn't see ur comment!So..I didn't delete it!

Mr.Lex said...

And Long:
I think u're wrong a little bit!Your said:"---- The YED = 1
It might be the normal good or the inferior good
- It might be the inferior good because when the price rises by 100% and the demand falls by 100% and vise versa for the normal good"
Inferior good means if income rises,demand falls....Not price rises man!!!= =

Mr.Lex said...

To Brenda...:
Ohhhhhh.....I'm not Chinese....And my translation website is off!So I didn;t get your comment....~^^~

Mr.Lex said...

So what about types of taxes and goods pleeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeese!!!!!!!!!!!!!!!!!!!!!!!!!!

chris sivewright said...

you should post on Brenda's blog and ask her to re-post in English

Hai Long said...

ah ye =.=

Hai Long said...

Hehe
---- The YED = 1
It is normal good
---- The XED = 1
There are substitute goods
---- The PES = 1
Change in price causes an exactly change in quantity supplied ... In the diagram u can draw a line go through 0 and have the angle = 45
---- The PED = 1
still no idea hehe