# price elasticity of demand

**price elasticity of demand**__UK____US____noun__[__U__]

*Financial and business terms.
2012.*

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**Price elasticity of demand**— Not to be confused with Price elasticity of supply. PED is derived from the percentage change in quantity (%ΔQd) and percentage change in price (%ΔP). Price elasticity of demand (PED or Ed) is a measure used in economics to show the… … Wikipedia**Price Elasticity Of Demand**— A measure of the responsiveness of the quantity demanded of a good to a change in its price. It is calculated as: If a small change in price is accompanied by a large change in quantity demanded, the product is said to be elastic (or responsive… … Investment dictionary**price elasticity of demand**— Econ the percentage change in demand divided by the percentage change in price of a good … The ultimate business dictionary**elasticity of demand**— The degree of buyers responsiveness to price changes. Elasticity is measured as the percent change in quantity divided by the percent change in price. A large value (greater than 1) of elasticity indicates sensitivity of demand to price, e.g.,… … Financial and business terms**Price elasticity of supply**— In economics, the price elasticity of supply is defined as a numerical measure of the responsiveness of the quantity supplied of product (A) to a change in price of product (A) alone. :E s = frac{% mbox{change in quantity supplied{% mbox{change… … Wikipedia**price elasticity**— ➔ elasticity of demand … Financial and business terms**price elasticity**— / praɪs i:læˌstɪsɪti/ noun a situation where a change in price has the effect of causing a big change in demand … Marketing dictionary in english**Elasticity of Demand**— The ratio of the percentage change in the quantity of a good or service demanded to the percentage change in the price … Energy terms**Cross elasticity of demand**— Economics … Wikipedia**Cross Elasticity Of Demand**— An economic concept that measures the responsiveness in the quantity demand of one good when a change in price takes place in another good. The measure is calculated by taking the percentage change in the quantity demanded of one good, divided by … Investment dictionary