Price elastic 


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Price elasticHaving a price elasticity greater than one (in absolute value).Similar MatchesImport elasticityImport elasticityUsually means the import demand elasticity. Elasticities approachElasticities approach1. 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 MarshallLerner Condition. 2. The explanation of exchange rates using supply and demand curves. Price elasticitiesPrice elasticitiesThe 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 elasticityArc elasticitySee elasticity Inelastic offer curveInelastic offer curveAn 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 SuggestionsPerfectly elasticElastic 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 
