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Glossary   >   E   >   "Elasticity" Definition            Elasticity A measure of sensitivity of one variable to another. More specifically, the degree to which consumers respond to price changes. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Elasticity - A measure of sensitivity of one variable to another. More specifically, the degree to which consumers respond to price changes.