price elasticity

Definition


Use price elasticity in a sentence

  • The price elasticity of the market was severe so we needed to seriously understand our customer to best serve and please them.

    22 people found this helpful
  • Sometimes when the demand gets up you can take advantage of the price elasticity and start charging a bit more for your product.

    20 people found this helpful
  • The recent global economic recession produced an unusual price elasticity in many business industries requiring companies to adapt to the pressures and changes impacted by low consumer confidence.

    18 people found this helpful
Show more usage examples...



http://www.businessdictionary.com/definition/price-elasticity.html

Mentioned in these terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z