Assertion: price elasticity | /r/CapableOf | demand to change
Facets:
value: in price
type: OTHER
Source sentences:
text: Price elasticity of demand (PED), which measures the responsiveness of quantity demanded to a change in price.
text: Price Elasticity is a measure of the relationship between a change in the quantity demanded of a particular good and a change in its price.
text: For example, the price elasticity of demand measures the responsiveness of quantity demanded to a change in the good’s price.
text: The price elasticity of demand (PED) captures how price-sensitive consumers are for a given product or service by measuring the responsiveness of quantity demanded to changes in the good’s own price.