Assertion: price elasticity | /r/CapableOf | measure the correlation
Facets:
value: between a change in demand
type: OTHER
value: between the variation in price
type: OTHER
value: in modern microeconomics
type: LOCATION
Source sentences:
text: Price Elasticity of Demand is a macroeconomic term that measures the correlation between a change in demand and a change in price for a product or service.
text: In modern microeconomics, price elasticity measures the correlation between the variation in demand and the variation in price.