What does elasticity (economics) mean?
Definitions for elasticity (economics)
elas·ticity (eco·nomics)
This dictionary definitions page includes all the possible meanings, example usage and translations of the word elasticity (economics).
Wikipedia
Elasticity (economics)
In economics, elasticity measures the percentage change of one economic variable in response to a percentage change in another. If the price elasticity of the demand of something is -2, a 10% increase in price causes the demand quantity to fall by 20%.
Numerology
Chaldean Numerology
The numerical value of elasticity (economics) in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of elasticity (economics) in Pythagorean Numerology is: 3
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"elasticity (economics)." Definitions.net. STANDS4 LLC, 2024. Web. 16 May 2024. <https://www.definitions.net/definition/elasticity+%28economics%29>.
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