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Cross elasticity |
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Cross 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.Similar MatchesPrice elasticityPrice elasticityThe elasticity of supply or demand with respect to price. Supply elasticitySupply elasticityThe elasticity of a supply function, usually with respect to price. Import elasticityImport elasticityUsually means the import demand elasticity. ElasticityElasticityA measure of responsiveness of one economic variable to another -- usually the responsiveness of quantity to price along a supply or demand curve -- comparing percentage changes (%D) or changes in logarithms (d ln). The arc elasticity of x with respect to y is e = %Dx/%Dy. The point elasticity is e = d lnx/d lny = (y/x)(dx/dy). Armington elasticityArmington elasticityThe elasticity of substitution between products of different countries. Further SuggestionsElasticity of demand for importsElasticity of substitution Point elasticity Demand elasticity Income elasticity Arc elasticity Elasticity of demand for exports Import demand elasticity Constant elasticity of substitution function |
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