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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here. 

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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

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  5. Price Elasticity of Demand

Price Elasticity of Demand

Definition of 'Price Elasticity of Demand'

The percentage change in the quantity demanded divided by the corresponding percentage change in its price.

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Related Terms

Cross Price Elasticity of DemandIncome Elasticity of DemandDerived DemandElastic DemandInelastic DemandAggregate Demand ScheduleMarket Demand CurveSupply-Side PolicyNormal GoodAccelerator ModelAccommodatory Monetary PolicyCrowding OutExcess CapacityLuxury GoodNecessityImperfectly Competitive FirmSubstitution EffectOffer for SaleCallDemand

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