In economics, price elasticity is a measure of how reactive the marketplace is to a change in price for a given product.

Elasticity is a method of measuring the likelihood of one economic factor affecting another, such as when the price of an item affects consumer demand or when supply affects how much something costs.

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper establishes supply and demand elasticities for a broad set of commodities based on a consistent dataset and ...

The economic concept, which describes consumers’ sensitivity to prices, is a hot topic as inflation soars and executives fret about profits. By Jason Karaian and Veronica Majerol S&P 500 company ...