elasticity
/ˌiˌɫæsˈtɪsəti/
the responsiveness of demand or supply to price changes
“Luxury goods have high price elasticity of demand.”
Origin: Greek elastikos propulsive, from elaunein to drive
/ˌiˌɫæsˈtɪsəti/
the responsiveness of demand or supply to price changes
“Luxury goods have high price elasticity of demand.”
Origin: Greek elastikos propulsive, from elaunein to drive