Talk:Elasticity (economics)

message: P is price. What is Q?--Gbleem 05:46, 15 December 2005 (UTC)
thread_title:  variables 

message: While it is interesting to show what the slope is on the graph, in economics, these two axis are not typically the "x" and "y" axis, but the "P" and "Q" axis.  The use of x and y makes it hard to correspond elasticity to price and quantity. Sirkha 17:22, 10 December 2006 (UTC)
thread_title:  Mathematical Definition 

message: I think, there are too many jargons that the article is not useful to layperson. I've added what elasticity means in everyday language, rather than what is typically explained in economic classes. __earth (Talk) 07:14, 8 April 2007 (UTC)
thread_title:  Jargon, jargon, jargon 

message: The end of the Application section says "And at E=-1, demand is unit elastic (or unitary elastic), and thus MC=MB and MNB=0". While MR (used earlier) was defined previously as "marginal revenue", there is no definition of MC, MB, and MNB and I don't know what they mean (otherwise I'd edit the article). --Ishi Gustaedr (talk) 17:23, 3 July 2008 (UTC)
thread_title:  Definition of terms in Application section 

message: The first paragraph in this section talks only about demand. The second paragraph talks about long-term elasticity, but talks about supply. It would be good if the first paragraph could explain that elasticity can describe both supply and demand. (I'm a non-expert so I haven't madde the change myself)  —Preceding unsigned comment added by 139.133.7.37 (talk) 11:00, 22 January 2009 (UTC)
thread_title:  Applications section: demand and supply 

message: Elasticity is not that complex, at least not at a basic level. Yet even the summary in this article is hard to understand. Maybe it should start with a simplified concept, such as "in an elastic market lowering prices increases profits but in an inelastic market raising prices increases profits" and then build on that. As it stands this article is not very accessible to those unfamiliar with the concept. 65.197.19.244 (talk) 20:26, 14 May 2009 (UTC)
thread_title:  Article needs to be more accessible 

message: Hello - First, this page needs to be edited - there are quite a few spelling errors.
Second, I believe that this article is much too mathematical to be labeled as introductory. The topic is far too important to be of interest only to those interested in econometrics.  Write it for a "math phobe" and put the math in an advanced article!23:47, 8 October 2009 (UTC)
thread_title:  Issues 

message: In the section "Interpreting cross-price elasticity of demand," I edited the link that previously read "complement good" to read "complementary good" for 2 related reasons: (1) the page titled "Complement good" (Complement_good) redirects to the page titled "Complementary good" (Complementary_good).  (2) "Complementary good" is, in fact, the correct terminology, but "complement good" is most definitely NOT correct.   See my more complete explanation of the correct terminology at Talk:Complementary_good&action=edit§ion=3 on the talk page for Complementary_good.  --Jackftwist (talk) 17:53, 29 March 2010 (UTC)
thread_title:  Edited the "complement good" link to read "complementary good" 

message: In your numerical example in this section, you state:
If a purpose of the tax is to reduce smoking its deterrent effect will be undercut by two factors. First the seller can pass through 56% of the tax to the buyer. In other words the buyer has a relatively high tolerance for absorbing the tax and continuing to smoke; they may prioritise smoking over the purchase of other goods.
(I added the italics to "two factors" for emphasis.)
That sounds like only 1 factor -- it's just the interpretation of what relatively inelastic demand (i.e., <1) means.  The 2nd sentence starts out "first," but where's the "second"?
I added lack of close substitutes to the explanation at the end, because that's almost certainly a contributing factor in this case.  Also, I deleted "may" for accuracy -- there's no "may" about it.  Again, that's what relatively elastic demand means (at least indirectly). --Jackftwist (talk) 17:17, 30 April 2010 (UTC)
thread_title:  Tax-incidence section 

message: Currently, this article replicates information from other articles in addition to including various random facts relating to the concept (like the stuff about the tobacco tax) which essentially amounts to economics trivia. I'm going to rework this article so that it introduces the general concept of elasticity and also serves as an extended disambiguation page to various sub articles where most of the information properly belongs (some of these articles need some work so help would be appreciated).radek (talk) 00:53, 2 May 2010 (UTC)
replies: text: A few weeks ago I moved a great deal of information into those separate articles, so you should be clear for pruning this one back without losing information. It's definitely a mess. - Jarry1250 [Humorous? Discuss.] 21:22, 5 May 2010 (UTC)
thread_title:  Changes 

message: At the moment the articles cites the Huthakker and Taylor study which is from 1970! Having a ref to estimates that are 40 years old in the article is a bit embarrassing. I know that there's been a lot more of these kinds of studies and it has been updated but can't think of a specific general survey off the top of my head. Anyone's got a more recent reference?radek (talk) 01:52, 2 May 2010 (UTC)
thread_title:  estimates 

message: Several articles in wikipedia use the term "semi-elasticity" (just use the search), while it is absolutely not clear what does semi-elasticity stand for, in comparison to to elasticity for example. Could someone who knows this actually update this article on elasticity or create a new one on semi-elasticity?  —Preceding unsigned comment added by 78.41.129.24 (talk) 09:10, 24 January 2011 (UTC)
replies: text: Semi-elasticity is just another term for logarithmic derivative.  — Preceding unsigned comment added by 198.189.14.2 (talk) 19:29, 5 July 2011 (UTC)
thread_title:  semi-elasticity 

message: A commodity is said to be elastic if...  — Preceding unsigned comment added by 137.43.188.142 (talk) 11:04, 23 March 2012 (UTC)
thread_title:  Finish this sentence... 

message: I came to this article by searching for "inelastic" and I wanted to learn about the physical, mechanical property, which has little to do with economics.  There is no disambiguation header, so now I'm not sure how to find the subject I'm interested in.
There is already a disambiguation page for "elasticity": https://en.wikipedia.org/wiki/Elasticity
Can we redirect "inelastic" and "inelasticity" to that page?  — Preceding unsigned comment added by 70.36.196.174 (talk) 17:17, 21 September 2013 (UTC)
thread_title:  This article needs a disambiguation header. 

message: The article claims that the concept of elasticity is useful in understanding the distribution of wealth. Am I confused, or should this be income distribution? 31.53.169.115 (talk) 13:39, 5 June 2014 (UTC)
thread_title:  Relevance to distribution of income or distribution of wealth?

message: Dr. Calzolari has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:
We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.
We believe Dr. Calzolari has expertise on the topic of this article, since he has published relevant scholarly research:
*Reference : Calzolari, Giacomo & Ichino, Andrea & Manaresi, Francesco & Nellas, Viki, 2014. "When the Baby Cries at Night: Inelastic Buyers in Non-Competitive Markets," IZA Discussion Papers 8490, Institute for the Study of Labor (IZA).
ExpertIdeasBot (talk) 15:36, 24 August 2016 (UTC)
thread_title:  Dr. Calzolari's comment on this article 

message: 'answers to these questions: <stuff>' reads like a middle school textbook. can we get more professional / wikipedia like language here? thanks.  — Preceding unsigned comment added by 2602:306:BCC4:2230:1434:721:46F5:1724 (talk) 00:26, 12 May 2017 (UTC)
thread_title:  intro paragraph 

message: hi there, I want to try to put some practical sense on how business can predict and asses its own service/product elasticity with intuition, I assume that it would be acceptable if I put it somewhere in "application" section. while the government practice on tax has been weel-discussed I assume that there is still lot to discuss about business practice  regarding price elasticty" warm regards--Sonne mohammadaner Ardiyanto (talk) 01:04, 29 April 2022 (UTC)
thread_title: addition to application chapter=

message: most micro economic classes uses the "elasticity of x with respect to z"
When z changes by 1%, x changes by η%.
η = ((∂x/∂z)/(x/z)) Gcbwiki (talk) 16:00, 20 May 2024 (UTC)
thread_title:  Definition of an elasticity of x with respect to z