price elasticity of demand
noun[U]
ukusECONOMICS
→elasticity of demand
Examplesofprice elasticity of demand
price elasticity of demand
Priceelasticityofdemandmay be lower than average in energy-producing industries since it is a widely used (and essential) good with no short-term substitutes.
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.In a manner analogous to thepriceelasticityofdemand, it captures the extent of movement along the supply curve.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The markup rules indicate that the ratio between profit margin and the price is inversely proportional to thepriceelasticityofdemand.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Any determinant ofpriceelasticityofdemandcan be used to segment markets.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Where the tax incidence falls depends (in the short run) on thepriceelasticityofdemandand price elasticity of supply.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Technically, the crosspriceelasticityofdemandbetween goods in such a market is positive.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The more necessary a good is, the lower thepriceelasticityofdemand, as people will attempt to buy it no matter the price.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Indeed, thepriceelasticityofdemandvaries between types of purchase and among consumer segments.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.In words, the rule is that the size of the markup is inversely related to thepriceelasticityofdemandfor the good.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The results were disappointing, however, due to overfishing, a highpriceelasticityofdemanddue to substitutability of vegetable oils for whale oil, and the competition of foreign whalers.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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