Supply elasticity
The elasticity of a supply function, usually with respect to price.
Supply function ...
But the posited labor supply elasticity of three seemed high. Prescott pointed out in his Nobel prize lecture, though, that this seemed implausible only because most people picture everyone working more in response to higher wages, ...
of commodities that describes the interaction of the supply, demand and price of the commodity; Demand Elasticity-A commodity is said to be elastic in demand when a price change creates an increase or decrease in consumption; Supply Elasticity The ...
supply elasticity The percentage amount by which supply changes in response to a one percent change... supply-side economics An economic theory which holds that reducing tax rates, especially for businesses...
 See also: Elasticity, Elastic, Saving, Shock, Banks
  
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