Elasticity of Demand | English | Dictionary & Translation by Babylon

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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MONASH Marketing Dictionary

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Elasticity of Demand

a measure of the degree to which any change in the price of a product will affect the demand for it. See Inelasticity of Demand.

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

Free English-Vietnamese Dictionary

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Elasticity of demand

Elasticity of demand
(Econ) Độ co giãn của cầu.+ Thường dùng để chỉ ĐỘ CO GIÃN CỦA CẦU THEO GIÁ, nhưng cần phải xác định rõ độ ca giãn của cầu nào đang được đề cập đến.
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