Assertion: elasticity | /r/HasProperty | economic term
Facets:
Source sentences:
text: Actually, Elasticity is an economic term that measures how much a product is used less if the price increases.
text: Elasticity is an economic concept used to measure the change in the aggregate quantity demanded for a good or service in relation to price movements of that good or service.
text: Definition: The elasticity of demand is an economic principle that measures the extent of consumer response to changes in quantity demanded as a result of a price change, as long as all other factors are equal.
text: Elasticity is an economics concept that measures the responsiveness of one variable to changes in another variable.