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Thesaurus Search Results

demand elasticities
Subject Category
E Economics, Business and Industry
Definition
Relationships between the change in the price of a commodity and the corresponding change in the quantity that is sold. If a small change in price is accompanied by a relatively large change in the quantity sold, demand is said to be elastic (responsive to price changes). But if a large change in the price is accompanied by a small change in the quantity sold, demand is said to be inelastic.
Definition Source
NAL Thesaurus Staff
RDF/XML Format:
http://lod.nal.usda.gov/nalt/32240.rdf
Persistent URI:
http://lod.nal.usda.gov/nalt/32240
Used For
elasticities of demand
elasticity of demand
price elasticities
price elasticity of demand
Broader Term
elasticities
Related Term
economic demand
Spanish
elasticidad de la demanda
Term Number
32240