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Armington elasticity |
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Armington elasticityThe elasticity of substitution between products of different countries.Similar MatchesSupply elasticitySupply elasticityThe elasticity of a supply function, usually with respect to price. Cross elasticityCross elasticity1. An elasticity that has been ignored by a student in a problem set. 2. The elasticity of supply or demand for one good or service with respect to the price of another. Income elasticityIncome elasticityNormally the income elasticity of demand; that is, the elasticity of demand with respect to income. Import demand elasticityImport demand elasticityThe elasticity of demand for imports with respect to price. Elasticity of substitutionElasticity of substitutionThe elasticity of the ratio of two inputs to a production (or utility) function with respect to the ratio of their marginal products (or utilities). With competitive demands, this is also the elasticity with respect to their price ratio. For example, with factors L,K and factor prices w,r, the elasticity of substitution of a production function F(K,L) is s = (wL/rK)d(K/L)/d(w/r). Further SuggestionsImport elasticityDemand elasticity Elasticity of demand for imports Constant elasticity of substitution function Price elasticity Elasticity Elasticity of demand for exports Arc elasticity Point elasticity |
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