English: price elasticity

Part of speech

Noun, Masculine, Singular

Definition

Price elasticity of demand is a measure of the relationship between a change in the quantity demanded of a particular good and a change in its price.

Context

Mae cysyniad elastigedd y pris yn disgrifio'r berthynas rhwng newidiadau mewn pris am nwyddau a gwasanaethau a'r galw am y nwyddau a'r gwasanaethau hynny