elasticity of demand in a sentence

Examples

1. The size of the rebound effect is determined by the price elasticity of demand for the good.
2. The price elasticity of demand is a measure of how quickly demand will fall off as price rises.
3. Crucially, many economists deny this, considering less vital services as unnecessary depending on its price elasticity of demand.
4. It is important to realize that price-elasticity of demand is " not " necessarily constant over all price ranges.
5. In economic terms, what the SSNIP test does is to calculate the residual elasticity of demand of the firm.
6. :The incidence of tax ( aka " tax burden " ) is determined by the elasticities of demand and supply.
7. Income elasticity of demand is not constant with respect to income, and may change sign at different levels of income.
8. Essentially, the Marshall Lerner condition is an extension of Marshall's theory of the price elasticity of demand to foreign trade.
9. They have found that the price elasticity of demand for " business solutions " is much less than for hardware.
10. That is, the price markup over marginal cost for good n is again inversely proportional to the elasticity of demand.