单词 | price elasticity |
释义 | > as lemmasprice elasticity price elasticity n. Economics a measure of the effect of a price change or a change in the quantity supplied on the demand for a product or service. ΘΚΠ society > trade and finance > monetary value > price > pricing > [noun] > adjusting to equal supply or demand > responsiveness to adjustment price elasticity1928 1928 Times 6 Aug. 17/4 Little is publicly known of the agreement, but it is believed to inaugurate measures aiming at price elasticity. 1991 Struct. Change & Econ. Dynamics 2 223 A negative shadow price elasticity of say R with respect to S denotes a decrease in the willingness to pay for R following an increase in S. < as lemmas |
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