| 11. | "Airlines face a high elasticity of demand, " said Gritta of the University of Portland.
|
| 12. | The paradox arises when a firm sells a product with few cross-price elasticity of demand.
|
| 13. | The price elasticity of demand was presented by Marshall as an extension of these ideas.
|
| 14. | In other words, the income elasticity of demand of food is between 0 and 1.
|
| 15. | They were testing the elasticity of demand, and they found out the market is price sensitive.
|
| 16. | :Taxes on expenditure create deadweight losses whose size depends on the elasticity of demand and supply.
|
| 17. | When economists consider such matters, they do so in the context of price elasticity of demand.
|
| 18. | Where e is the price elasticity of demand.
|
| 19. | That's the outcome when you have unregulated monopolies selling services that have low elasticity of demand.
|
| 20. | The elasticity of demand indicates how sensitive the demand for a good is to a price change.
|
