elasticity
71Price elasticity of demand — Not to be confused with Price elasticity of supply. PED is derived from the percentage change in quantity (%ΔQd) and percentage change in price (%ΔP). Price elasticity of demand (PED or Ed) is a measure used in economics to show the… …
72Cross elasticity of demand — Economics …
73Linear elasticity — Continuum mechanics …
74Arc elasticity — is the elasticity of one variable with respect to another between two given points.The y arc elasticity of x is defined as::E {x,y} = frac{% mbox{ change in } x}{% mbox{ change in } y}where the percentage change is calculated relative to the… …
75Wealth elasticity of demand — in microeconomics is the relation of the proportional change in consumption of a good to a proportional change in wealth (as distinct from changes in personal income). Measuring and accounting for the variability in this elasticity is a… …
76Income elasticity of demand (YED) — In economics, the income elasticity of demand measures the responsiveness of the quantity demanded of a good to the change in the income of the people demanding the good. It is calculated as the ratio of the percent change in quantity demanded to …
77Constant elasticity of substitution — In economics, Constant elasticity of substitution (CES) is a property of some production functions and utility functions. More precisely, it refers to a particular type of aggregator function which combines two or more types of consumption, or… …
78Output elasticity — In economics, output elasticity is the percentage change of output (GDP or production of a single firm) divided by the percentage change of an input. It is sometimes called partial output elasticity to clarify that it refers to the change of only …
79Computational elasticity — In economics, elasticity is the ratio of the percent change in one variable to the percent change in another variable. Computational elasticity is the application of this concept to how computer systems scale with relation to temporal monetary… …
80Demand Elasticity — In economics, the demand elasticity refers to how sensitive the demand for a good is to changes in other economic variables. Demand elasticity is important because it helps firms model the potential change in demand due to changes in price of the …
