Assertion: elasticity | /r/UsedFor | refer to change
Facets:
value: in a different variable
type: OTHER
value: in quantities
type: OTHER
value: in economics
type: OTHER
Source sentences:
text: In economics, elasticity refers to the sensitivity of one variable to changes in a different variable.
text: This elasticity is more precisely called own-price elasticity of demand since it refers to changes in quantities due to changes in the price of that good.
text: The elasticity of Demand refers to the sensitivity in demand for goods to changes in other economic variables.