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Home > Terms > Armenian (HY) > գնի ճկունություն
գնի ճկունություն
A measure of the responsiveness of demand to a change in price. If demand changes by more than the price has changed, the good is price-elastic. If demand changes by less than the price, it is price-inelastic. Economists also measure the elasticity of demand to changes in the income of consumers.
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