单词 | price-elastic |
释义 | > as lemmasprice-elastic price-elastic adj. Economics (of a demand for goods) affected by changes in price. ΚΠ 1941 Rev. Econ. Stud. 9 43 The change in the price of a good causes the expenditure for it to change..in the opposite direction, if the demand is price-elastic. 1990 R. Izhar Accounting, Costing, & Managem. i. xii. 182 A business which increases price to improve its profit margin will suffer a drop in the volume of sales, especially if demand is price-elastic. < as lemmas |
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