NALT

Preferred term

demand elasticities

Topic

Relationships between the change in the price of a commodity and the corresponding change in the quantity that is sold. If a small change in price is accompanied by a relatively large change in the quantity sold, demand is said to be elastic (responsive to price changes). But if a large change in the price is accompanied by a small change in the quantity sold, demand is said to be inelastic.

elasticities

economic demand

elasticities of demand
elasticity of demand
price elasticities
price elasticity of demand

Field 001 in MARC Authority Format

11313

Spanish

elasticidad de la demanda

URI

https://lod.nal.usda.gov/nalt/32240

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Created 1/19/06, last modified 11/30/12