Chapter 5 弹性及其应用.pdf

Elasticity and Its Application 弹性及其应用 Chapter 5 Elasticity . . . 弹性… u … is a measure of how much buyers and sellers respond to changes in market conditions. …是衡量买者和卖者对市场条件变动的 反应大小的指标。 u … allows us to analyze supply and demand with greater precision. …使我们可以更精确地分析供给与需求 Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. Price Elasticity of Demand u Price elasticity of demand is the