Elasticity: Difference between revisions
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imported>Doug Williamson m (Add header.) |
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* [[Price elasticity of supply]] | * [[Price elasticity of supply]] | ||
* [[Variance]] | * [[Variance]] | ||
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Latest revision as of 09:08, 8 April 2021
1. Variance.
The degree of responsiveness in one variable to changes in another variable.
2. Economics.
Typically a percentage change in quantity compared to a percentage change in price.
Commonly used to describe price elasticity of demand and price elasticity of supply.
