elasticity [ˌɪlæsˈtɪsəti, Am -ət̬i] N no pl
1. elasticity (ability to stretch):
- elasticity
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2. elasticity a. fig of plans, supply:
- elasticity
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price elasticity N no pl
- price elasticity
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Monolingual examples (not verified by PONS Editors)
Experience goods typically have lower price elasticity than search goods, as consumers fear that lower prices may be due to unobservable problems or quality issues.
en.wikipedia.org The model provides the price elasticity of the brand which tells us the percentage change in the sales for each percentage change in price.
en.wikipedia.org Any determinant of price elasticity of demand can be used to segment markets.
en.wikipedia.org Technically, the cross price elasticity of demand between goods in such a market is positive.
en.wikipedia.org This can be seen in the economics lexicon: terms like labour force, market equilibrium, capital flows, and price elasticity.
en.wikipedia.org