TERMIUM Plus®

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

RELATIVE CHANGE PRICE [1 record]

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Alphabetical list of terms

Record 1 2012-04-18

English

Subject field(s)
  • Market Prices
  • Trade
CONT

Mathematically, the price elasticity of demand (PED) is the ratio of the relative (or percent) change in quantity demanded to the relative change in price. For most goods this ratio is negative, but in practice the elasticity is represented as a positive number and the minus sign is understood.

French

Domaine(s)
  • Prix (Commercialisation)
  • Commerce
CONT

Les produits sont «de proches substituts si les acheteurs sont prêts à passer de l'un à l'autre en réaction à un changement relatif dans le prix, c'est-à-dire s'il existe une sensibilité aux prix de la part des acheteurs».

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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