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单词 ELASTICITY OF SUBSTITUTION
释义

How buyers of a good or service to a substitute’s price changes. To what degree can two similar goods or services substitute for each other, based on price changes. Measured as a ratio; scale of change in the common demand for two items to the scale of change in their related prices. See also elasticity of technical substitution.

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更新时间:2024/12/26 17:09:19