Assertion: elasticity | /r/HasProperty | great
Facets:
value: in the former case
type: TEMPORAL
value: according to dr. marshall
type: OTHER
value: for least considerable
type: DEGREE
value: for great
type: OTHER
Source sentences:
text: In the former case... the elasticity of his wants, we may say, is great.
text: In the former case… the elasticity of his wants, we may say, is great.
text: The elasticity of demand is great for high prices, and great, or at least considerable, for medium prices; but it declines as the price falls; and gradually fades away if the fall goes so far that satiety level is reached….
text: According to Dr. Marshall : "The elasticity or responsiveness of demand in a market is great or small according as the amount demanded increases much or little for a given fall in price and diminishes much or little for a given rise in price.