Arc Elasticity of Demand
Definition: Arc elasticity of demand measures elasticity between two points on a curve.
Arc elasticity - A measure of the average responsiveness of quantity to price over an interval of the demand curve.
ARC ELASTICITY: The average elasticity for discrete changes in two variables, A and B.
Arc elasticity
See elasticity
Argument for protection
A reason given (not necessarily a good one) for restricting imports by tariffs and/or NTBs.
Armington assumption ...
 See also: Elasticity, Values, Elastic, Perfect competition, Feedback
  
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