Share this entry

Share this page

price elasticity

Saltos de línea: price elas|ti¦city

Definición de price elasticity en inglés:

sustantivo

[mass noun] Economics
A measure of the effect of a price change or a change in the quantity supplied on the demand for a product or service.
Example sentences
  • Look for services with high fixed costs, price elasticity - meaning that consumers will typically buy more if prices drop - and the ability to be ordered over the Internet.
  • The telecommunications sector exhibits strong price elasticity of demand.
  • On the demand side, agricultural products have a very low price elasticity.

Share this entry

Share this page

 

¿Qué te llama la atención de esta palabra o frase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Obtenga más de Oxford Dictionaries

Suscribirse para eliminar anuncios y acceder a los recursos premium

Palabra del día emulous
Pronunciación: ˈɛmjʊləs
adjective
seeking to emulate someone or something