Matches in DBpedia 2016-04 for { <http://dbpedia.org/resource/Elasticity_(economics)> ?p ?o }
- Elasticity_(economics) abstract "In economics, elasticity is the measurement of how responsive an economic variable is to a change in another. It gives answers to questions such as: \"If I lower the price of a product, how much more will sell?\" \"If I raise the price of one good, how will that affect sales of this other good?\" \"If the market price of a product goes down, how much will that affect the amount that firms will be willing to supply to the market?\"An elastic variable (with elasticity value greater than 1) is one which responds more than proportionally to changes in other variables. In contrast, an inelastic variable (with elasticity value less than 1) is one which changes less than proportionally in response to changes in other variables. A variable can have different values of its elasticity at different starting points: for example, the quantity of a good supplied by producers might be elastic at low prices but inelastic at higher prices, so that a rise from an initially low price might bring on a more-than-proportionate increase in quantity supplied while a rise from an initially high price might bring on a less-than-proportionate rise in quantity supplied.Elasticity can be quantified as the ratio of the percentage change in one variable to the percentage change in another variable, when the latter variable has a causal influence on the former. A more precise definition is given in terms of differential calculus. It is a tool for measuring the responsiveness of one variable to changes in another, causative variable. Elasticity has the advantage of being a unitless ratio, independent of the type of quantities being varied. Frequently used elasticities include price elasticity of demand, price elasticity of supply, income elasticity of demand, elasticity of substitution between factors of production and elasticity of intertemporal substitution.Elasticity is one of the most important concepts in neoclassical economic theory. It is useful in understanding the incidence of indirect taxation, marginal concepts as they relate to the theory of the firm, and distribution of wealth and different types of goods as they relate to the theory of consumer choice. Elasticity is also crucially important in any discussion of welfare distribution, in particular consumer surplus, producer surplus, or government surplus.In empirical work an elasticity is the estimated coefficient in a linear regression equation where both the dependent variable and the independent variable are in natural logs. Elasticity is a popular tool among empiricists because it is independent of units and thus simplifies data analysis.A major study of the price elasticity of supply and the price elasticity of demand for US products was undertaken by Hendrik S. Houthakker and Lester D. Taylor.".
- Elasticity_(economics) wikiPageExternalLink ElasticityTotalRevenueAndTheLinearDemandCurve.
- Elasticity_(economics) wikiPageExternalLink RevenueAndElasticity.
- Elasticity_(economics) wikiPageExternalLink www.investopedia.com.
- Elasticity_(economics) wikiPageExternalLink economics4.asp.
- Elasticity_(economics) wikiPageID "171614".
- Elasticity_(economics) wikiPageLength "8044".
- Elasticity_(economics) wikiPageOutDegree "54".
- Elasticity_(economics) wikiPageRevisionID "707509333".
- Elasticity_(economics) wikiPageWikiLink Advertising.
- Elasticity_(economics) wikiPageWikiLink Advertising_elasticity_of_demand.
- Elasticity_(economics) wikiPageWikiLink Arc_elasticity.
- Elasticity_(economics) wikiPageWikiLink Bond_duration.
- Elasticity_(economics) wikiPageWikiLink Category:Elasticity_(economics).
- Elasticity_(economics) wikiPageWikiLink Category:Microeconomics.
- Elasticity_(economics) wikiPageWikiLink Ceteris_paribus.
- Elasticity_(economics) wikiPageWikiLink Complementary_good.
- Elasticity_(economics) wikiPageWikiLink Consumer_choice.
- Elasticity_(economics) wikiPageWikiLink Consumption_(economics).
- Elasticity_(economics) wikiPageWikiLink Dependent_and_independent_variables.
- Elasticity_(economics) wikiPageWikiLink Distribution_of_wealth.
- Elasticity_(economics) wikiPageWikiLink Economic_surplus.
- Elasticity_(economics) wikiPageWikiLink Economics.
- Elasticity_(economics) wikiPageWikiLink Elasticity_of_a_function.
- Elasticity_(economics) wikiPageWikiLink Elasticity_of_intertemporal_substitution.
- Elasticity_(economics) wikiPageWikiLink Elasticity_of_substitution.
- Elasticity_(economics) wikiPageWikiLink Factors_of_production.
- Elasticity_(economics) wikiPageWikiLink Good_(economics).
- Elasticity_(economics) wikiPageWikiLink Government_budget.
- Elasticity_(economics) wikiPageWikiLink Income_elasticity_of_demand.
- Elasticity_(economics) wikiPageWikiLink Investment.
- Elasticity_(economics) wikiPageWikiLink Linear_regression.
- Elasticity_(economics) wikiPageWikiLink Marginal_concepts.
- Elasticity_(economics) wikiPageWikiLink Markup_rule.
- Elasticity_(economics) wikiPageWikiLink Marshall–Lerner_condition.
- Elasticity_(economics) wikiPageWikiLink Natural_logarithm.
- Elasticity_(economics) wikiPageWikiLink Permanent_income_hypothesis.
- Elasticity_(economics) wikiPageWikiLink Prebisch–Singer_hypothesis.
- Elasticity_(economics) wikiPageWikiLink Price_elasticity_of_demand.
- Elasticity_(economics) wikiPageWikiLink Price_elasticity_of_supply.
- Elasticity_(economics) wikiPageWikiLink Production_function.
- Elasticity_(economics) wikiPageWikiLink Relative_change_and_difference.
- Elasticity_(economics) wikiPageWikiLink Returns_to_scale.
- Elasticity_(economics) wikiPageWikiLink Saving.
- Elasticity_(economics) wikiPageWikiLink Substitute_good.
- Elasticity_(economics) wikiPageWikiLink Supply_(economics).
- Elasticity_(economics) wikiPageWikiLink Supply_and_demand.
- Elasticity_(economics) wikiPageWikiLink Tax_incidence.
- Elasticity_(economics) wikiPageWikiLink Terms_of_trade.
- Elasticity_(economics) wikiPageWikiLink Theory_of_the_firm.
- Elasticity_(economics) wikiPageWikiLink Welfare_economics.
- Elasticity_(economics) wikiPageWikiLink Wolfram_Demonstrations_Project.
- Elasticity_(economics) wikiPageWikiLinkText "Elasticity (economics)".
- Elasticity_(economics) wikiPageWikiLinkText "Elasticity of demand".
- Elasticity_(economics) wikiPageWikiLinkText "Elasticity".
- Elasticity_(economics) wikiPageWikiLinkText "elastic".
- Elasticity_(economics) wikiPageWikiLinkText "elasticities".
- Elasticity_(economics) wikiPageWikiLinkText "elasticity (economics)".
- Elasticity_(economics) wikiPageWikiLinkText "elasticity estimates".
- Elasticity_(economics) wikiPageWikiLinkText "elasticity".
- Elasticity_(economics) wikiPageWikiLinkText "essentially fixed".
- Elasticity_(economics) wikiPageWikiLinkText "inelastic demand".
- Elasticity_(economics) wikiPageWikiLinkText "inelastic".
- Elasticity_(economics) wikiPageWikiLinkText "inelastically".
- Elasticity_(economics) wikiPageWikiLinkText "inelasticity of demand".
- Elasticity_(economics) wikiPageWikiLinkText "inelasticity".
- Elasticity_(economics) wikiPageWikiLinkText "perfectly elastic".
- Elasticity_(economics) wikiPageWikiLinkText "price elasticity".
- Elasticity_(economics) wikiPageWikiLinkText "price-elastic".
- Elasticity_(economics) wikiPageWikiLinkText "price-response".
- Elasticity_(economics) wikiPageWikiLinkText "push up the market price".
- Elasticity_(economics) wikiPageWikiLinkText "tax elasticity".
- Elasticity_(economics) wikiPageWikiLinkText "the rise in prices of imported goods".
- Elasticity_(economics) wikiPageUsesTemplate Template:Economics_sidebar.
- Elasticity_(economics) wikiPageUsesTemplate Template:Main.
- Elasticity_(economics) wikiPageUsesTemplate Template:Portal.
- Elasticity_(economics) wikiPageUsesTemplate Template:Reflist.
- Elasticity_(economics) subject Category:Elasticity_(economics).
- Elasticity_(economics) subject Category:Microeconomics.
- Elasticity_(economics) hypernym Measurement.
- Elasticity_(economics) type Company.
- Elasticity_(economics) type Microeconomic.
- Elasticity_(economics) comment "In economics, elasticity is the measurement of how responsive an economic variable is to a change in another.".
- Elasticity_(economics) label "Elasticity (economics)".
- Elasticity_(economics) sameAs Q223639.
- Elasticity_(economics) sameAs مرونة_(اقتصاد).
- Elasticity_(economics) sameAs Elastiklik_(iqtisadiyyat).
- Elasticity_(economics) sameAs Еластичност_на_търсенето_и_предлагането.
- Elasticity_(economics) sameAs স্থিতিস্থাপকতা_(অর্থনীতি).
- Elasticity_(economics) sameAs Elasticitat_(economia).
- Elasticity_(economics) sameAs Elasticitet_(økonomi).
- Elasticity_(economics) sameAs Elastizität_(Wirtschaft).
- Elasticity_(economics) sameAs Elasticidad_(economía).
- Elasticity_(economics) sameAs Elastikotasun_(ekonomia).
- Elasticity_(economics) sameAs کشش_(اقتصاد).
- Elasticity_(economics) sameAs Jousto.
- Elasticity_(economics) sameAs Élasticité_(économie).
- Elasticity_(economics) sameAs Elasticidade_(economía).
- Elasticity_(economics) sameAs גמישות_(כלכלה).
- Elasticity_(economics) sameAs लोच.