the latest percentage improvement in the total amount of a beneficial A that’s required down seriously to a share change in a B
if suppleness of consult was higher than you to, proving a top responsiveness off wide variety necessary otherwise provided to changes in expense
if elasticity out-of both likewise have was more than you to, demonstrating a leading responsiveness regarding quantity recommended or given to transform in expense
when the suppleness of demand is lower than you to, showing one to a 1 percent boost in rate paid down by the user causes less than a-1 per cent improvement in commands (and the other way around); it appears a low responsiveness by the users in order to rate changes
if the elasticity off also provide is actually less than one to, indicating that a-1 % increase in price reduced with the company can lead to a below 1 percent boost in development of the agency; it seems the lowest responsiveness of corporation so you can speed grows (and the other way around in the event the prices shed)