What does Elasticity of Supply mean?
A measure of the responsiveness of the quantity supplied of a good or service to a change in its price.
The elasticity of supply for beachfront property is very low because it is nearly impossible to create more of it.
Elasticity of Supply in German, French, Spanish and Italian
GermanAngebotselastizität
Reaktion des Güterangebots auf eine Preisänderung.
FrenchÉlasticité de l'offre
Sensibilité de la production face aux variations de prix.
SpanishElasticidad de la oferta
Grado de respuesta de la oferta ante cambios en el precio del bien.
ItalianElasticità dell'offerta
Variazione percentuale dell'offerta causata da una variazione del prezzo.
Synonyms and opposites for Elasticity of Supply
- Synonym Supply responsiveness