Price elasticity definitions

Price elasticity

The proportionate change in sales of a product that will be bought as a result of a unit change in price....more on Price elasticity
Found on http://moneyterms.co.uk/p/

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Price elasticity

The elasticity of supply or demand with respect to price.
Found on http://www-personal.umich.edu/~alandear/glossary/p.html

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price elasticity

A measure of responsiveness of some other variable to a change in price. See elasticity for the the general equation. Contexts: micro theory
Found on http://www.econterms.com/glossary.cgi?query=price+elasticity

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