elasticity
3
5.1
- noun
- /ɪˌlæstəˈsɪti/
- Specialized
:
elasticidad
- Table 2 presents the estimated own-price elasticities, evaluated at the mean of each input vector.
- price elasticity
- demand elasticity
- income elasticity
You have to buy something with price supply in elasticity.
- You have to buy something with price supply in elasticity.
Examples
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With respect to income elasticity, she cites a range from 0.54 to 0.66.
Academic text (1990) -
So, OK, so how do we get the price elasticity of demand?
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And so you can use these, these tax data in order to, to, to estimate the earnings elasticity in, in, in the US.
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Few of the cross and own price elasticities in our analysis are greater than or close to unity.
Academic text (1999) -
The estimated partial elasticity of vehicle use with respect to fuel cost-per-mile is -0.21.
Academic text (1999) -
In economics, elasticity measures how much the quantity demanded of a good changes in response to a change in its price.
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Understanding the price elasticity of demand helps businesses set effective marketing strategies during sales.
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Economists often analyze the elasticity of supply to predict how producers will respond to shifts in market demand.
Antonyms
- Specialized
The state of not changing much when something like a push or a price change acts on it
Compounds
- Specialized
A number that shows how much a material changes shape when you push or pull it
- Specialized
How well a material returns to its original shape after a sideways force
- Specialized
A number that shows how stiff a material is when force makes it stretch
How Elastic
Surface Forms
Morphology
Etymology
In economics, elasticity uses the picture of an elastic band and 'stretch' to show change: it measures how much demand or supply moves when price changes, so you can see how responsive something is.