Assertion: price elasticity | /r/HasProperty | measure
Facets:
value: in economics
type: OTHER
value: ceteris paribus
type: MANNER
value: by using the formula
type: MANNER
Source sentences:
text: In economics, price elasticity is a measure of how reactive the marketplace is to a change in price for a given product.
text: So, if the price elasticity of demand is being measured, the formula would be the percentage of change in the quantity in demand divided by the percentage change in price.
text: Price elasticity of demand is a measurement that determines how demand for goods or services may change in response to a change in the prices of those goods or services.
text: Price elasticity is a measure of how consumers react to the prices of products and services.
text: Price elasticity of demand: also known as PED or E d , is a measure in economics to show how demand responds to a change in the price of a product or service.
text: Price elasticity of supply: also called PES or E s , is a measure that shows how the quantity of supply is affected by a change in the price of a good or service.
text: The price elasticity of demand (PED) is a measure that captures the responsiveness of a good’s quantity demanded to a change in its price.
text: In economics, the price elasticity of demand (PED or E d ) is a measure to show the responsiveness (or elasticity) of the quantity demanded for a good or service to a change in its price, ceteris paribus.
text: Price elasticity of demand is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price, ceteris paribus.
text: Price elasticity of demand is measured by using the formula:
text: Price elasticity can be measured by dividing the percentage change in quantity demanded in response to a small change in price ,by the percentage change in price.
text: The price elasticity of supply is measured by taking the percentage change in quantity supplied divided by the percent change in demand.