|
|
Price elasticities |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Price 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%?Price elasticities Similar MatchesElasticities 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 Marshall-Lerner Condition. 2. The explanation of exchange rates using supply and demand curves. |
|
|
|