Price Elasticity of Demand in German, French, Spanish & Italian

What does Price Elasticity of Demand mean?

A measure of the responsiveness of the quantity demanded of a good to a change in its price.

Price Elasticity of Demand in a sentence

Luxury items often have a high Price Elasticity of Demand.

German

Preiselastizität der Nachfrage

Kennzahl für die Empfindlichkeit der Nachfrage bei Preisänderungen.

French

Élasticité-prix de la demande

Indicateur de la réaction de la demande face à une variation de prix.

Spanish

Elasticidad precio de la demanda

Grado en que cambia la demanda cuando varía el precio.

Italian

Elasticità della domanda rispetto al prezzo

Misura della variazione della domanda al variare del prezzo.