price elasticity

price elasticity
/'praɪs i:læˌstɪsɪti/ noun
a situation where a change in price has the effect of causing a big change in demand

Marketing dictionary in english. 2015.

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  • price elasticity — rate of change in the price of a product in relation to the rate of the amount of things offered …   English contemporary dictionary

  • 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

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  • Price point — Price points are prices at which demand is relatively high. In introductory microeconomics, a demand curve is downward sloping to the right and either linear or gently convex to the origin. The first is usually true, but the second is only… …   Wikipedia

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