Sentence examples for responsiveness of demand from inspiring English sources
This extreme variability results from the relatively low responsiveness of demand to changes in price i.e., from the fact that in order to increase sales by 5 percent it may be necessary to reduce the price by 15 percent.
He described it thus: "And we may say generally:— the elasticity (or responsiveness) of demand in a market is great or small according as the amount demanded increases much or little for a given fall in price, and diminishes much or little for a given rise in price".
The expenditure elasticity of demand is a measure of the responsiveness of demand to changes in expenditure on similar goods.
To overcome the lack of volume information, information on prices and proxy estimates of price-cost mark-ups were used in conjunction with the general Ramsey formula to calculate the responsiveness of demand to product price.
Changes in food prices have impacts on the quantity and quality of food consumption depending on the responsiveness of demand to price (direct and cross-price elasticities), 9 which will be mediated by a range of factors such as income level, urban or rural residence, education of household head and women's control of income.
Crucially, it is hard to measure the responsiveness of drug demand to changes in price.
A higher elasticity, which means a higher responsiveness of healthcare demand to price changes, leads to a larger welfare loss.
The self-elasticity measures the responsiveness of the demand for electricity at hour (h in {mathcal{H}}) to its own price(p_{h}).
The cross elasticity measures the responsiveness of the demand for electricity at hour (h in {mathcal{H}}) to changes in price at some other hour(c in {mathcal{H}}).
While the values of estimated price elasticities vary widely among the three sources and less markedly according to the type of care (outpatient, hospital, dental, mental), the responsiveness of the demand for medical care to net price is beyond doubt.
The majority of evidence on the price responsiveness of tobacco demand is for high-income countries were data and the research capacity exists.
