Home > Terms > Armenian (HY) > ճկունություն, էլաստիկություն
ճկունություն, էլաստիկություն
A measure of the responsiveness of one variable to changes in another. Economists have identified four main types. * price elasticity measures how much the quantity of supply of a good, or demand for it, changes if its price changes. If the percentage change in quantity is more than the percentage change in price, the good is price elastic; if it is less, the good is inelastic. * income elasticity of demand measures how the quantity demanded changes when income increases. * Cross-elasticity shows how the demand for one good (say, coffee) changes when the price of another good (say, tea) changes. If they are substitute goods (tea and coffee) the cross-elasticity will be positive: an increase in the price of tea will increase demand for coffee. If they are complementary goods (tea and teapots) the cross-elasticity will be negative. If they are unrelated (tea and oil) the cross-elasticity will be zero. * Elasticity of substitution describes how easily one input in the production process, such as labor, can be substituted for another, such as machinery.
- Szófaj: noun
- Szinonimák:
- Blossary:
- Ipar/Tárgykör: Economy
- Kategória: Economics
- Company: The Economist
- Termék:
- Betűszó/Rövidítés:
További nyelvek:
Mit szeretne mondani?
Terms in the News
Featured Terms
ձեռքերը կանթած
Դիրք, երբ ձեռքերը կոնքամասում են և արմունկներն էլ դուրս են հակված:
Beküldő
Featured blossaries
tim.zhaotianqi
0
Terms
40
Szójegyzékek
4
Követő
Buying used car in United States
Browers Terms By Category
- Characters(952)
- Fighting games(83)
- Shmups(77)
- General gaming(72)
- MMO(70)
- Rhythm games(62)
Video games(1405) Terms
- Poker(470)
- Chess(315)
- Bingo(205)
- Consoles(165)
- Computer games(126)
- Gaming accessories(9)
Játékok(1301) Terms
- Chocolate(453)
- Hard candy(22)
- Gum(14)
- Gummies(9)
- Lollies(8)
- Caramels(6)
Candy & confectionary(525) Terms
- Automobile(10466)
- Motorcycles(899)
- Automotive paint(373)
- Tires(268)
- Vehicle equipment(180)
- Auto parts(166)
Automotive(12576) Terms
- Lumber(635)
- Concrete(329)
- Stone(231)
- Wood flooring(155)
- Tiles(153)
- Bricks(40)