- price-elastic
- adjectiveMARKETING au prix élastique
English-French business dictionary. 2013.
price-elastic
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elastic — UK US /ɪˈlæstɪk/ adjective ► ECONOMICS relating to a situation in which the number of products sold changes in relation to the product s price: »We re seeing the elastic effect of lower component prices encouraging demand for PCs. »Your problem… … 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
elastic — [ē las′tik, ilas′tik] adj. [ModL elasticus < LGr elastikos < Gr elaunein, to set in motion, beat out < IE base * el , to drive, move, go > ? LANE1] 1. able to spring back to its original size, shape, or position after being stretched … English World dictionary
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
Price skimming — is a pricing strategy in which a marketer sets a relatively high price for a product or service at first, then lowers the price over time. It is a temporal version of price discrimination/yield management. It allows the firm to recover its sunk… … Wikipedia
elastic demand — ➔ demand * * * elastic demand UK US noun [U] ► ECONOMICS a situation in which a change in a product s price causes a big change in the number of products sold: »Commodities that are likely to have many substitutes, such as public transportation… … Financial and business terms
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
Price elasticity of supply — In economics, the price elasticity of supply is defined as a numerical measure of the responsiveness of the quantity supplied of product (A) to a change in price of product (A) alone. :E s = frac{% mbox{change in quantity supplied{% mbox{change… … Wikipedia
Elastic — A situation in which the supply and demand for a good or service can vary significantly due to the price. The elasticity of a good or service can vary according to the amount of close substitutes, its relative cost and the amount of time that has … Investment dictionary
elastic — I UK [ɪˈlæstɪk] / US noun [uncountable] Word forms elastic : singular elastic plural elastics a material that stretches easily and can return to its original shape quickly. Elastic is often sewn into clothes to allow them to stretch. II UK… … English dictionary
elastic — elastically, adv. /i las tik/, adj. 1. capable of returning to its original length, shape, etc., after being stretched, deformed, compressed, or expanded: an elastic waistband; elastic fiber. 2. spontaneously expansive, as gases. 3. flexible;… … Universalium
