demand elasticity

rate of change in a product's demand in relation to the rate of change in its price

English contemporary dictionary. 2014.

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  • Demand Elasticity — In economics, the demand elasticity refers to how sensitive the demand for a good is to changes in other economic variables. Demand elasticity is important because it helps firms model the potential change in demand due to changes in price of the …   Investment dictionary

  • Demand (economics) — Demand redirects here. For other uses, see Demand (disambiguation). In economics, demand is the desire to own anything, the ability to pay for it, and the willingness to pay[1] (see also supply and demand). The term demand signifies the ability… …   Wikipedia

  • Elasticity (economics) — Economics …   Wikipedia

  • elasticity — Fin the measure of the sensitivity of one variable to another. EXAMPLE In practical terms, elasticity indicates the degree to which consumers respond to changes in price. It is obviously important for companies to consider such relationships when …   The ultimate business dictionary

  • demand — an order to comply with an obligation. In business, paying on demand means that the obligation must be satisfied immediately when requested. Glossary of Business Terms The desire to purchase economic goods or services (and the financial ability… …   Financial and business terms

  • Elasticity — may refer to:*Elasticity (physics), continuum mechanics of bodies which deform reversibly under stressVarious uses are derived from this physical sense of the term, especially in economics:*Elasticity (economics), a general term for a ratio of… …   Wikipedia

  • Elasticity of complementarity — (Hamermesh, 1993) is the percentage responsiveness of relative factor prices to a 1 percent change in relative inputs.Mathematical definitionGiven the production function f(x 1,x 2) then the elasticity of complementarity is defined as: c = frac… …   Wikipedia

  • Demand signal repository — (DSR) is the process whereby consumer goods companies integrate and cleanse demand data, and leverage that data to service retailers and end customers efficiently. Cleansing it and synchronizing it with syndicated and internal data allows… …   Wikipedia

  • elasticity — [ē΄las tis′ə tē, i las΄tis′ə tē] n. pl. elasticities 1. the quality or condition of being elastic; specif., a) springiness; flexibility; resilience b) buoyancy of spirit c) adaptability 2. Econ. the degree to which the demand for, or supply of,… …   English World dictionary

  • Demand curve — An example of a demand curve shifting In economics, the demand curve is the graph depicting the relationship between the price of a certain commodity, and the amount of it that consumers are willing and able to purchase at that given price. It is …   Wikipedia

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