price elasticity of demand

English

Noun

price elasticity of demand

(economics) An economic metric designed to measure how sensitive quantity demanded is to a change in the price of a good/service.

Translations

sensitivity of demand to change in price

Finnish: kysynnän hintajousto

Retrieved from "https://en.wiktionary.org/w/index.php?title=price_elasticity_of_demand&oldid=70956296"

Hidden categories: