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Import demand elasticity |
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Import demand elasticityThe elasticity of demand for imports with respect to price.Similar MatchesDemand elasticityDemand elasticityNormally the price elasticity of demand. References to other elasticities of demand, such as the income elasticity are normally explicit. See import demand elasticity. Income elasticityIncome elasticityNormally the income elasticity of demand; that is, the elasticity of demand with respect to income. Supply elasticitySupply elasticityThe elasticity of a supply function, usually with respect to price. 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). Import elasticityImport elasticityUsually means the import demand elasticity. Further SuggestionsElasticity of substitutionArmington elasticity Arc elasticity Point elasticity Price elasticity Elasticity of demand for imports Cross elasticity Constant elasticity of substitution function Elasticity of demand for exports |
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