These are word's definitions related to elasticity-of-substitution. Click on any word to go to its word's detail page. Or, go to the definition of elasticity-of-substitution.
0 the degree to which the number of products sold changes when the price of another similar product changes, which shows to what degree the two products can replace one another:
The report discusses the elasticity of substitution between home and foreign goods.
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May 10, 2021
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