գնի ճկունություն

գնի ճկունություն

A measure of the responsiveness of demand to a change in price. If demand changes by more than the price has changed, the good is price-elastic. If demand changes by less than the price, it is price-inelastic. Economists also measure the elasticity of demand to changes in the income of consumers.

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Part of Speech: noun
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Industry/Domain: Economy
Category: Economics
Company: The Economist
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Related terms

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