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单词 price-elastic
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price-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.
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