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Price elasticity |
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Price elasticityThe elasticity of supply or demand with respect to price.Similar MatchesArc 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. Income elasticityIncome elasticityNormally the income elasticity of demand; that is, the elasticity of demand with respect to income. 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. Armington elasticityArmington elasticityThe elasticity of substitution between products of different countries. Further SuggestionsConstant elasticity of substitution functionSupply elasticity Elasticity Elasticity of demand for exports Import demand elasticity Cross elasticity Import elasticity Elasticity of substitution Point elasticity |
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