Assertion: elasticity | /r/HasProperty | useful
Facets:
value: in taking pricing decisions
type: TEMPORAL
value: in economics
type: LOCATION
value: to describe the way
type: PURPOSE
Source sentences:
text: However, for elasticities to be useful, it is important to keep in mind exactly what they do and do not measure.
text: Elasticity is a term used a lot in economics to describe the way one thing changes in a given environment in response to another variable that has a changed value.
text: The elasticity of demand is a useful concept in taking pricing decisions and determination of output level.