Speakur

Word Pronunciation & Dictionary

price elasticity of supply

Word Rarity Rare

Frequency: Zipf frequency 3.09 in modern English

Syllables
price e-las-tic-i-ty of -sup-ply
IPA
42
Scrabble Score
23
Letters
7
Syllables
13
Unique Chars

Meaning

noun

an economic metric that measures the responsiveness of a quantity supplied of a good to a change in its price, calculated as the percent change in supply over the percent change in price.

Phrases

income elasticity of demand

Frequently Paired Words

income elasticity of demand

Questions

What does price elasticity of supply mean?
an economic metric that measures the responsiveness of a quantity supplied of a good to a change in its price, calculated as the percent change in supply over the percent change in price.

How to pronounce price elasticity of supply

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