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| price elasticity of demand definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | a measure of how much the quantity demanded of a good responds to a change in the price of that good, computed as the percentage change in quantity demanded divided by the percentage change in price | 13 sets | |
| 2 | describes how much a change in price affects the quantity demanded | 3 sets | |
| 3 | the percentage change in the quantity demanded of a good that results from a 1 percent change in its price | 3 sets | |
| 4 | a measure of consumer response to a change in the price of the current item. (ed = price elasticity of demand) | 2 sets | |
| 5 | a measure of responsiveness of quantity demanded to changes in price | 2 sets | |
| 6 | a measure of how much the quantity demanded of a good responds to a change in the price of that good | 2 sets | |
| 7 | %δin q/%δ in p | 2 sets | |
| 8 | how responsive demand is to price; inelastic or elastic | 2 sets | |
| 9 | is an elasticity that measures the nature and degree of the relationship between changes in quantity demanded of a good and changes in its price. | 2 sets | |
| 10 | the percentage change in the quantity demanded of a good that results from a one percent change in its price | 2 sets | |
| 11 | the responsiveness of the quantity demanded to a change in price, measured by dividing the precentage change in quantity demanded of a product by the percentage change in the product's price | 2 sets | |
| 12 | the percentage change in the quantity demanded of a product divided by the percentage change in the price of that product | 2 sets | |
| 13 | it measures the price sensitivity of buyers's demand | 1 set | |
| 14 | equals percentage change in qd divided by percentage change in p. | 1 set | |
| 15 | a measure of the impact of the price effect | 1 set | |
| 16 | measure of the impact of the price effect | 1 set | |
| 17 | the measure of hte rate of percentage change of quantity demanded with respect to price, holding all other determinant of demand constant | 1 set | |
| 18 | measures how much qd responds to a change in p. | 1 set | |
| 19 | is closely related to the slope of the demand curve | 1 set | |
| 20 | is the percentage change in quantity demanded given a percent change in the price | 1 set | |
| 21 | the responsiveness of consumers to a price change | 1 set | |
| 22 | measures the sensitivity of demand to a change in price | 1 set | |
| 23 | % change in qd / % change in price | 1 set | |
| 24 | a measure of the sensitivity of demand to change in price (% change in quantity demanded/ % change in price) | 1 set | |
| 25 | the measurement of the responsiveness (sensitivity) of consumers to a price change | 1 set | |
| 26 | the ratio of the percentage of change in quantity demanded to the percentage of change in price; measures the responsiveness of quantity demanded to changes in price | 1 set | |
| 27 | the percentage change in the quantity demanded of a good in response to a 1 percent change in its price | 1 set | |
| 28 | measure of responsiveness of consumer demand to a change in the price of the product, the ratio of the percentage change in the price of the good to the percentage change in quantity demanded | 1 set | |
| 29 | measures the responsiveness of the quantity demanded of a commodity to a change in its price | 1 set | |
| 30 | how much qd to change in price | 1 set | |
| 31 | a measure of the sensitivity of customers to relative changes in price | 1 set | |
| 32 | is a measure of how much the quantity demanded of a good responds to change in the price of that good | 1 set | |
| 33 | a measure of how much the quanitity demanded of a good responds to a change in the price of that good, computed s the percentage change in quantity demanded divided by th percentage change in price | 1 set | |
| 34 | percentage change in quantity demanded/ percentage change in price | 1 set | |
| 35 | percentage change in quantity demanded of a good that results from a 1% change in its price | 1 set | |
| 36 | measures the responsiveness (change) of quantity demanded after a change in price | 1 set | |
| 37 | the percentage change in quantity demanded of a good as a result of a 1 percent change in price (the percentage change in quantity divided by the percentage change in price) | 1 set | |
| 38 | a measure of the impact of the price effect; milk vs soda | 1 set | |
| 39 | measure of the responsiveness of demand for a product to change in price | 1 set | |
| 40 | indicates buyer's eagerness to buy a good or service | 1 set | |