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price elasticity of demand

A measurement of the sensitivity of demand to changes in price. Technically, the ratio between the percentage change in volumes demanded and the corresponding percentage change in price.

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  • ส่วนหนึ่งของคำพูด: noun
  • อุตสาหกรรม/ขอบเขต: Energy
  • Category: Natural gas
  • Company: AGA

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