Demand Elasticity

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demand elasticity
rate of change in a product's demand in relation to the rate of change in its price


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Price elasticity of demand
In economics and business studies, the price elasticity of demand (PED) is an elasticity that measures the nature and degree of the relationship between changes in quantity demanded of a good and changes in its price.
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Demand Elasticity
see Elasticity of Demand.

2004 (c) Copyright & Reprint Courtesy of the Dept. of Marketing, Faculty of Business and Economics, Monash University; edited by Mr. Don Bradmore.

Raynet Business | Marketing DictionaryDownload this dictionary
Demand Elasticity
see elasticity.

Copyright © 2001, Ray Wright

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