Assertion: price elasticity | /r/CapableOf | measure the change
Facets:
value: in percentage of demand
type: OTHER
value: in demand for a good
type: OTHER
Source sentences:
text: Price elasticity of demand measures the change in consumption of a good as a result of a change in price.
text: The price elasticity of demand (PED) measures the change in demand for a good in response to a change in price.
text: Price elasticity of demand measures the change in percentage of demand caused by a percent change in price.
text: Price elasticity of demand (PED) is a way to measure the change in the demand for a product or service in response to a change in its price.