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词汇 elasticity-of-demand
释义 elasticity of demand
noun[ U ]
ukus(alsoprice elasticity of demand)
ECONOMICS
the degree to which the number of products sold changes when the product's price changes:
The report explains how the elasticity of demand and the nature of production influence the extent to which profits are affected by changes in exchange rates.
See also
income elasticity of demand

Examples of elasticity of demand


elasticity of demand
The size of the increase in quantity consumed depends on the elasticityofdemand.
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An approximately 10% reduction in peak demand (achievable depending on the elasticityofdemand) would result in systems savings of between $8 to $28 billion.
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This is because of the observation that the income elasticityofdemand is greater for manufactured goods than that for primary products.
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The elasticityofdemand indicates how sensitive the demand for a good is to a price change.
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In technical economic terms, such a product has very low cross-price elasticityofdemand.
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Price elasticityofdemand may be lower than average in energy-producing industries since it is a widely used (and essential) good with no short-term substitutes.
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In a manner analogous to the price elasticityofdemand, it captures the extent of movement along the supply curve.
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The markup rules indicate that the ratio between profit margin and the price is inversely proportional to the price elasticityofdemand.
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Any determinant of price elasticityofdemand can be used to segment markets.
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One measure of it is the wealth elasticityofdemand.
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Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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