Elasticity coefficient

Term meaning Elasticity coefficient

an indicator that characterizes the degree of sensitivity of an economic value in relation to the factors on which it depends. It is measured by a change in the quantity of an economic quantity (for example, the magnitude of demand, supply) when a factor (for example, price) changes by one. In the mathematical sense, AD. is the derivative of the economic value with respect to the factor on which this value depends.

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