| 单词 | price elasticity |
| 释义 | price elasticityDefinition How consumers react to prices for goods and services. Use 'price elasticity' in a SentenceThe price elasticity of the market was severe so we needed to seriously understand our customer to best serve and please them. Sometimes when the demand gets up you can take advantage of the price elasticity and start charging a bit more for your product. The recent global economic recession produced an unusual price elasticity in many business industries requiring companies to adapt to the pressures and changes impacted by low consumer confidence. |
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