Assertion: elasticity | /r/HasProperty | different
Facets:
value: in the long term
type: TEMPORAL
value: further
type: DEGREE
value: in such cases
type: TEMPORAL
value: normally
type: DEGREE
Source sentences:
text: The elasticity of demand is different at different points of a demand curve, so for most demand functions, including linear demand, a firm following this advice will find some price at which | ε | = 1 {\displaystyle |\varepsilon |=1} and further price changes would reduce revenue.
text: However, having highlighted the flatness of these curves, please note that slope and elasticity are two different concepts.
text: Further, elasticity will normally be different in the short term and the long term.
text: Further, in such cases, the elasticity would be different depending on whether we choose original price and original demand or the subsequent price and quantity demanded as the basis for measurement of elasticity of demand.