| 21. | The size of the rebound effect is determined by the price elasticity of demand for the good.
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| 22. | The price elasticity of demand is a measure of how quickly demand will fall off as price rises.
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| 23. | Crucially, many economists deny this, considering less vital services as unnecessary depending on its price elasticity of demand.
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| 24. | It is important to realize that price-elasticity of demand is " not " necessarily constant over all price ranges.
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| 25. | In economic terms, what the SSNIP test does is to calculate the residual elasticity of demand of the firm.
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| 26. | :The incidence of tax ( aka " tax burden " ) is determined by the elasticities of demand and supply.
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| 27. | Income elasticity of demand is not constant with respect to income, and may change sign at different levels of income.
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| 28. | Essentially, the Marshall Lerner condition is an extension of Marshall's theory of the price elasticity of demand to foreign trade.
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| 29. | They have found that the price elasticity of demand for " business solutions " is much less than for hardware.
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| 30. | That is, the price markup over marginal cost for good n is again inversely proportional to the elasticity of demand.
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