Elasticity

 

 

 

Elasticity

 

Glossary of business

 

Definition of elasticity

 

Elasticity is a measure of how much one variable responds to a change in another variable. There are various measures of elasticity including the price elasticity of demand, the income elasticity of demand, the cross elasticity of demand and the price elasticity of supply. If something is termed 'elastic' then this means that it is responsive to the variable that caused the change.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of elasticity

 

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Meaning of elasticity

 

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What does elasticity mean ?

 

 

 

 

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