What does Elasticity mean?
The degree to which a demand or supply curve reacts to a change in price or income.
Understanding the price Elasticity of demand is crucial for setting effective pricing strategies.
Elasticity in German, French, Spanish and Italian
GermanElastizität
Gibt an, wie stark die Nachfrage auf Preisänderungen reagiert.
FrenchÉlasticité
Variation relative d'une variable par rapport à une autre.
SpanishElasticidad
Sensibilidad de la cantidad demandada ante cambios en el precio.
ItalianElasticità
Misura della reattività di una variabile a variazioni di un'altra.
Common phrases with Elasticity
- price elasticity
- of demand elasticity
- measure elasticity
Synonyms and opposites for Elasticity
- Synonym Responsiveness
- Opposite Inelasticity