ճկունություն

ճկունություն

A measure of responsiveness of one economic variable to another -- usually the responsiveness of quantity to price along a supply or demand curve -- comparing percentage changes (%) or changes in logarithms (d ln). The arc elasticity of x with respect to y is  = %x/%y. The point elasticity is  = d lnx/d lny = (y/x)(dx/dy).

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Industry/Domain: Economy
Category: International economics
Company: University of Michigan
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