Elasticity (economics)

responsiveness of one economic variable to a change in another (e.g. supply or demand as a function of changed price, cross-price, income, wealth, advertising, etc.), ranging from inelastic to elastic

responsiveness of the quantity demanded of a good or service to a change in its price

responsiveness of demand for goods with respect to income change

responsiveness of the quantity supplied of a good or service to a change in its price

responsiveness in the quantity demand of one good when a change in price takes place in another good

concept in economics

Economic metric

Concept in competition law

in economics, thepercentage change of output divided by the percentage change of an input