demand elasticity
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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 elasticity — rate of change in a product s demand in relation to the rate of change in its price … English contemporary 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
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
elasticity of demand — The degree of buyers responsiveness to price changes. Elasticity is measured as the percent change in quantity divided by the percent change in price. A large value (greater than 1) of elasticity indicates sensitivity of demand to price, e.g.,… … Financial and business terms
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
