Preferred Term:
elasticity of substitution
Definition:
A measurement of the effect on consumption of each of two goods if the price of the other changes.
Concept Schemes:
NALT Full
Broader Concept:
URI:
https://lod.nal.usda.gov/nalt/36121
Download this Concept:
RDF/XMLCreated 2006-01-19, last modified 2012-11-30