Sentence examples for price elastic from inspiring English sources

Demand was price inelastic, except in the case of meeting the UK government's recommended level of participation, which is time price elastic (elasticity = −2.2).

Cigarettes were the least price elastic, with elasticities of −0.38 in rural areas and −0.196 in urban areas.

One statement made in the Sheffield study [ 2] has been used by those who oppose minimum pricing: '—at the highest level of aggregation hazardous and harmful drinkers (combined elasticity of −0.21) are less price elastic than moderate drinkers (elasticity of −0.47)' (p. 58).

The elasticity of processed produce is relatively price elastic at -1.425.

Any program that seeks to rectify an imbalance by changing the level of prices will be effective only if demand is "price elastic".

Moreover, e-books are highly price elastic.

Econ folks call prices elastic when, for instance, a change in price will increase or decrease the number of people using a product.

For individual beverages, corrected price elasticities are smaller (less elastic) by 28-29 percomparedpared with consensus averages frequently used for alcohol beverages.

Moreover, the company claims, e-books are "highly price-elastic"—that is, if the price of an e-book goes up, fewer people are willing to buy it.

Moreover, the company claims, e-books are "highly price-elastic" — that is, if the price of an e-book goes up, fewer people are willing to buy it.

The phone business is, in economic terms, highly price-elastic.