- Price elasticities
- The percentage change in the quantity divided by the percentage change in the price. The New York Times Financial Glossary
Financial and business terms. 2012.
Financial and business terms. 2012.
price elasticities — The percentage change in quantity divided by a percentage change in the price. Answers the question: How much will the demand for my product decrease if I raise prices by 10%? … Financial and business terms
Price discrimination — or price differentiation[1] exists when sales of identical goods or services are transacted at different prices from the same provider.[2] In a theoretical market with perfect information, perfect substitutes, and no transaction costs or… … Wikipedia
Price elasticity of demand — Not to be confused with Price elasticity of supply. PED is derived from the percentage change in quantity (%ΔQd) and percentage change in price (%ΔP). Price elasticity of demand (PED or Ed) is a measure used in economics to show the… … Wikipedia
Small but Significant and Non-transitory Increase in Price — In competition law, before deciding whether companies have significant market power which would justify government intervention, the test of Small but Significant and Non transitory Increase in Price is used to define the relevant market in a… … Wikipedia
Effect of taxes and subsidies on price — Taxes and subsidies have the effect of shifting the quantity and price of goods. Tax impact A marginal tax on the sellers of a good will shift the supply curve to the left until the vertical distance between the two supply curves is equal to the… … Wikipedia
Monopoly — This article is about the economic term. For the board game, see Monopoly (game). For other uses, see Monopoly (disambiguation). Competition law Basic concepts … Wikipedia
Cross elasticity of demand — Economics … Wikipedia
Christmas tree production — Customers haul a harvested Christmas tree at a choose and cut Christmas tree farm in the U.S. state of Maryland. Christmas tree production occurs worldwide on Christmas tree farms, in artificial tree factories and from native stands of pine and… … Wikipedia
Ramsey problem — The Ramsey problem or Ramsey Boiteux pricing, is a policy rule concerning what price a monopolist should set, in order to maximize social welfare, subject to a constraint on profit. A closely related problem arises in relation to optimal taxation … Wikipedia
international payment and exchange — ▪ economics Introduction international exchange also called foreign exchange respectively, any payment made by one country to another and the market in which national currencies are bought and sold by those who require them for such… … Universalium