Where the price elasticity of demand is less than 1.

需求价格弹性绝对值小于1的情况。

youdao

Define the price elasticity of demand and the income elasticity of demand.

定义需求的价格弹性和需求的收入弹性。

youdao

A characteristic of the daily necessities is that the price elasticity of demand is very small.

生活必需品需求的特点是需求的价格弹性很小，这使得生活必需品有价格上升的内在趋势。

youdao

The price elasticity of demand is such that if prices rose by 10%, volume only falls by 4%.

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Export-led growth works well in a world where the price elasticity of demand for the exported goods is effectively infinite, where any decrease in costs will always lead to an expansion in sales.

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In response, several bloggers have argued that these elasticities are underestimated, pointing to the unreliability of estimates of long-run price elasticity of oil demand in general and to other literature with higher estimates than the IMF study.

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