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Supply elasticity |
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Supply elasticityThe elasticity of a supply function, usually with respect to price.Similar MatchesImport demand elasticityImport demand elasticityThe elasticity of demand for imports with respect to price. ElasticityElasticityA measure of responsiveness of one economic variable to another -- usually the responsiveness of quantity to price along a supply or demand curve -- comparing percentage changes (%D) or changes in logarithms (d ln). The arc elasticity of x with respect to y is e = %Dx/%Dy. The point elasticity is e = d lnx/d lny = (y/x)(dx/dy). Point elasticityPoint elasticitySee elasticity Price elasticityPrice elasticityThe elasticity of supply or demand with respect to price. Elasticity of demand for exportsElasticity of demand for exportsThis is normally the price elasticity of demand for exports of a country, either for a single industry or for the aggregate of all imports. Equals the rest of world's elasticity of demand for imports, which therefore also enters the Marshall-Lerner condition. Further SuggestionsArmington elasticityElasticity of substitution Cross elasticity Constant elasticity of substitution function Arc elasticity Elasticity of demand for imports Income elasticity Demand elasticity Import elasticity |
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