Price elastic

 

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Price elastic

Having a price elasticity greater than one (in absolute value).



Similar Matches

Import elasticity

Import elasticity

Usually means the import demand elasticity.


Elasticities approach

Elasticities approach

1. The method of analyzing the determination of the balance of trade, especially due to a devaluation, that focuses on the price elasticities of exports and imports. According to this approach, the effect depends criticalliy on the Marshall-Lerner Condition. 2. The explanation of exchange rates using supply and demand curves.


Price elasticities

Price elasticities

The percentage change in quantity divided by a percentage change in the price. Answers the question: How much will the demand for my product decrease if I raise prices by 10%?


Arc elasticity

Arc elasticity

See elasticity


Inelastic offer curve

Inelastic offer curve

An offer curve with inelastic demand for imports. That inelasticity implies that exports decline as imports increase, and it therefore means that the offer curve is backward bending. Strictly speaking, the natural definition of an offer curve's elasticity would be negative in this case, not just less than one, but that definition is seldom used.


Further Suggestions

Perfectly elastic
Elastic offer curve
Elasticity
Import demand elasticity
Supply elasticity
Point elasticity
Inelastic
Unit elastic
Demand elasticity
Price inelastic
Elasticity of demand for exports
Elasticity of substitution
Constant elasticity of substitution function
Income elasticity
Income inelastic
Elasticity of demand for imports
Elastic
Armington elasticity
Price elasticity
Cross elasticity
Income elastic


 
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