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Point elasticity |
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Point elasticitySee elasticitySimilar MatchesIncome elasticityIncome elasticityNormally the income elasticity of demand; that is, the elasticity of demand with respect to income. Price elasticityPrice elasticityThe elasticity of supply or demand with respect to price. Demand 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. Arc elasticityArc elasticitySee elasticity Elasticity of demand for importsElasticity of demand for importsThis is normally the price elasticity of demand for imports of a country, either for a single industry or for the aggregate of all imports. The latter plays a critical role in determining how the country's balance of trade responds to the exchange rate. See Marshall-Lerner condition. Further SuggestionsCross elasticitySupply elasticity Elasticity of substitution Elasticity Armington elasticity Import elasticity Import demand elasticity Elasticity of demand for exports Constant elasticity of substitution function |
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