price elasticity of demand

noun

An economic metric designed to measure how sensitive quantity demanded is to a change in the price of a good/service.

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Meanings

noun
  1. economicsAn economic metric designed to measure how sensitive quantity demanded is to a change in the price of a good/service.

Translations

Finnish kysynnän hintajousto
  • kysynnän hintajoustosensitivity of demand to change in price
Cite this entry
APA

price elasticity of demand. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/price%20elasticity%20of%20demand

MLA

“price elasticity of demand.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/price%20elasticity%20of%20demand. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “price elasticity of demand,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/price%20elasticity%20of%20demand.

Source: price elasticity of demand on Wiktionary, CC BY-SA 4.0.