Price elasticity

By:
Updated: Aug 20, 2021

The ratio of a proportional change in quantity supplied or demanded to a proportional change in price.

Price elasticity

Reference: Oxford Press Dictonary of Economics, 5th edt.



Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.