Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Goods and services can be either elastic or inelastic. Elastic means the ...

Claire Boyte-White is the lead writer for NapkinFinance.com, co-author of I Am Net Worthy, and an Investopedia contributor. Claire's expertise lies in corporate finance & accounting, mutual funds, ...

Reviewed by Michael J BoyleFact checked by Timothy LiReviewed by Michael J BoyleFact checked by Timothy Li Price elasticity of supply is the responsiveness of a supply of a good or service after a ...

In economics, price elasticity is a measure of how reactive the marketplace is to a change in price for a given product.

Elasticity is a method of measuring the likelihood of one economic factor affecting another, such as when the price of an item affects consumer demand or when supply affects how much something costs.

Which brings the team at BoAML, headed by Francicso Blanch, to talking price elasticities — the propensity of a good’s price to impact supply and demand. The more elastic a good is, the more reactive ...