| 单词 | elasticity of substitution |
| 释义 | elasticity of substitution noun[U] ukusECONOMICS thedegreeto which thenumberofproductssoldchangeswhen thepriceof anothersimilarproductchanges, whichshowsto whatdegreethe twoproductscanreplaceone another: Thereportdiscussestheelasticityofsubstitutionbetweenhomeandforeigngoods. Examplesofelasticity of substitutionelasticity of substitution The inverse of elasticity of complementarity iselasticityofsubstitution. From Wikipedia  This example is from Wikipedia and may be reused under a CC BY-SA license.Which of these effects dominates depends on the magnitude of theelasticityofsubstitution. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Some argue that this is due to the model's inability to uncover consumer preference variables such as the intertemporalelasticityofsubstitution. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Theelasticityofsubstitutionalso governs how the relative expenditure on goods or factor inputs changes as relative prices change. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Supply price elasticity depends on theelasticityofsubstitutionand supply restrictions. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Different nests (levels) allow for the introduction of the appropriateelasticityofsubstitution. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Frequently used elasticities include price elasticity of demand, price elasticity of supply, income elasticity of demand,elasticityofsubstitutionbetween factors of production and elasticity of intertemporal substitution. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.It is well known that the intertemporalelasticityofsubstitutionneeds to be weakened to match the result of theoretical models with data. From theCambridge English Corpus The results of estimating theelasticityofsubstitutioncould be a controversial issue. From theCambridge English Corpus These functions assume a constantelasticityofsubstitutionin the primary factors (land enters only the agricultural sector) and a linear technology in intermediate inputs. From theCambridge English Corpus These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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