|
|
Elasticity |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
ElasticityA 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).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. Armington elasticityArmington elasticityThe elasticity of substitution between products of different countries. Import elasticityImport elasticityUsually means the import demand elasticity. Arc elasticityArc elasticitySee elasticity Further SuggestionsElasticity of substitutionElasticity of demand for exports Constant elasticity of substitution function Point elasticity Cross elasticity Demand elasticity Elasticity of demand for imports Import demand elasticity Income elasticity |
|
|
|