cross elasticity of demand
1Cross elasticity of demand — Economics …
2Cross Elasticity Of Demand — An economic concept that measures the responsiveness in the quantity demand of one good when a change in price takes place in another good. The measure is calculated by taking the percentage change in the quantity demanded of one good, divided by …
3cross elasticity of demand — rate of change in the demand of a product in relation to the price changes of another product …
4cross elasticity of demand — /ˌkrɒs ɪlæˌstɪsɪti əv dɪ mɑ:nd/ noun changes in demand for an item depending on the selling price of a competing product …
5Price elasticity of demand — Not to be confused with Price elasticity of supply. PED is derived from the percentage change in quantity (%ΔQd) and percentage change in price (%ΔP). Price elasticity of demand (PED or Ed) is a measure used in economics to show the… …
6cross elasticity — rate of change in the demand of a product in relation to the price changes of another product …
7Elasticity — may refer to:*Elasticity (physics), continuum mechanics of bodies which deform reversibly under stressVarious uses are derived from this physical sense of the term, especially in economics:*Elasticity (economics), a general term for a ratio of… …
8Elasticity (economics) — Economics …
9supply and demand — Relationship between the quantity of a commodity that producers have available for sale and the quantity that consumers are willing and able to buy. Demand depends on the price of the commodity, the prices of related commodities, and consumers… …
10Price elasticity of supply — In economics, the price elasticity of supply is defined as a numerical measure of the responsiveness of the quantity supplied of product (A) to a change in price of product (A) alone. :E s = frac{% mbox{change in quantity supplied{% mbox{change… …
