Concepedia

Concept

price elasticity

Parents

783

Publications

49.1K

Citations

1.6K

Authors

716

Institutions

About

Price elasticity is a fundamental economic concept and quantitative measure used within market analysis to assess the sensitivity of the quantity demanded or supplied of a good or service to a change in its price. This metric investigates the proportional change in quantity relative to the proportional change in price, providing crucial insights into consumer and producer behavior, informing pricing strategies, revenue forecasting, and policy design by characterizing market responsiveness.

Top Authors

Rankings shown are based on concept H-Index.

RI

University of Pretoria

WR

Stanford University

ŠC

Institute of Hospitality Management in Prague

MP

Institute of Hospitality Management in Prague

JL

University of Illinois Urbana-Champaign

Top Institutions

Rankings shown are based on concept H-Index.

University of California, Berkeley

Berkeley, United States

College Station, United States

Stanford University

Stanford, United States