Price Elasticity

Business, Legal & Accounting Glossary

Definition: Price Elasticity


Price Elasticity

Quick Summary of Price Elasticity


Price elasticity is the willingness of buyers to purchase goods after a change in price.




Related Phrases


Pricing power


Cite Term


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Modern Language Association (MLA):
Price Elasticity. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
January 19, 2022 https://payrollheaven.com/define/price-elasticity/.
Chicago Manual of Style (CMS):
Price Elasticity. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/price-elasticity/ (accessed: January 19, 2022).
American Psychological Association (APA):
Price Elasticity. PayrollHeaven.com. Retrieved January 19, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/price-elasticity/

Definition Sources


Definitions for Price Elasticity are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 30th November, 2021 | 0 Views.