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price elasticity of demand. In DICTIOUS you will not only get to know all the dictionary meanings for the word
price elasticity of demand, but we will also tell you about its etymology, its characteristics and you will know how to say
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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