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price elasticity

/praɪs ˌiˌlæˈstɪsəti/ /praɪs ɪlɑːˈstɪsɪti/
noun
  1. 1 fiyat esnekliği uncountable

Definition (English)

Price elasticity of demand: how much demand changes when price changes.

Example Sentences

  1. The price elasticity of gasoline is low.
    Benzinin fiyat esnekliği düşüktür.
  2. Understanding price elasticity helps businesses.
    Fiyat esnekliğini anlamak işletmelere yardımcı olur.

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