Assertion: price elasticity | /r/HasProperty | change
Facets:
value: in demand for a commodity
type: OTHER
value: in quantity
type: OTHER
Source sentences:
text: When the elasticity variables are not specified, it is generally assumed that one is talking about price elasticity of demand which is the changes in quantity demanded in response to changes in price of that good holding other factors constant.
text: In other words we can say that the price elasticity of demand is the change in demand for a commodity due to a given change in the price of that commodity.