Home > Term: price elasticity of demand
price elasticity of demand
A measurement of the sensitivity of demand to changes in price. Technically, the ratio between the percentage change in volumes demanded and the corresponding percentage change in price.
- Μέρος του λόγου: noun
- Κλάδος/Τομέας: Ενέργεια
- Category: Φυσικό αέριο
- Company: AGA
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