TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

elasticity of demand [1 record]

Record 1 1999-02-26

English

Subject field(s)
  • Laws of the Market (Economy)
  • Pricing Theory
DEF

A quantitative measure of the quantity of a demanded or supplied product in response to a change in product price.

OBS

Usually taken to refer to the (own) "price elasticity of demand", but care should be taken to specify which elasticity of demand is being discussed. (See "Price Elasticity of Demand", "Gross Elasticity of Demand", Income Elasticity of Demand).

OBS

elasticity of demand: term reproduced from the CAPITAL Business Dictionary with the permission of LID Editorial Empresarial.

French

Domaine(s)
  • Lois du marché (Économie)
  • Théorie des prix
DEF

rapport entre la variation de la quantité demandée d'un bien et de la variation d'un autre facteur tel que le prix du bien ou le revenu du consommateur; [...]

OBS

élasticité de la demande : terme extrait du CAPITAL Business Dictionary et reproduit avec l'autorisation de LID Editorial Empresarial.

Spanish

Campo(s) temático(s)
  • Leyes del mercado (Economía)
  • Teoría de fijación de precios
DEF

Medida del comportamiento de la demanda en función de las variaciones de precio. Es el cociente entre el cambio porcentual en la cantidad y el cambio porcentual en el precio. La demanda es inelástica si el cambio porcentual en la cantidad es inferior a la variación porcentual del precio (elasticidad menor que uno). La demanda es elástica si el cambio porcentual en la cantidad es mayor que la variación porcentual del precio (elasticidad mayor que uno).

OBS

elasticidad de la demanda: término y definición extraídos del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.

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