Examlex
What is floating rate?
Price Elasticity
The degree to which the demand for a product is affected by price fluctuations, reflecting the price sensitivity of buyers.
Price-Elasticity-Of-Demand
A measure of how much the quantity demanded of a good responds to a change in its price, with elasticity greater than one indicating that demand is responsive to price.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price in a specified period.
Price Elasticity
A measure of how much the quantity demanded or supplied of a good responds to a change in its price, indicating the sensitivity of consumers or producers to price changes.
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