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Glossary   >   P   >   "Price elasticities" Definition            Price elasticities The percentage change in the quantity divided by the percentage change in the price. Answers the question: How much will the demand for my product decrease if I raise prices by 10%. 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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Price elasticities - The percentage change in the quantity divided by the percentage change in the price. Answers the question: How much will the demand for my product decrease if I raise prices by 10%.