Sentence examples for elasticity of supply from inspiring English sources

The criticism also neglects the elasticity of supply.

As a rule, price changes do not give rise in the short run to substantial changes in the supply of or demand for primary goods (low elasticity of supply and demand).

The measure of the responsiveness of supply and demand to changes in price is called the price elasticity of supply or demand, calculated as the ratio of the percentage change in quantity supplied or demanded to the percentage change in price.

A steady, unfluctuating supply also is needed; this is referred to technically as "low elasticity of supply," meaning that the amount of a commodity that producers supply to the market is not much affected by the price at which they are able to sell the commodity.

where φ is the inverse elasticity of supply.

While fiscal issues constrain OPEC's elasticity of supply, geology and politics constrain oil supply elsewhere.

The choice of payee depends, then, on factors like the elasticities of supply and demand and, especially, the flexibility of wages that may vary across countries.

Taxes are not something that can be easily targeted at a specific group because the elasticities of supply and demand (a fancy economic term for how consumers and businesses adjust their decisions as prices change) spread the tax burden widely through an economy.

The effect on the interest rate of any shift in demand or supply depends on the elasticity of both supply and demand.

v Lab Elasticity of labor supply 0.55 v Cap Elasticity of capital supply 2 v Chem Elasticity of agrochemical supply 2 γ Elasticity of forest conversion with respect to oil palm expansion 0.19 Gunarso et al. (2013) μ Elasticity of peatland conversion with respect to oil palm expansion 0.35.

Thus, most of the existing literature can be thought of as estimating the wage elasticity of the supply of migrants for a completely different part of the supply curve than is examined in this study.