point elasticity
point elasticity · point elasticities
The ratio of the relative change in a function's output with respect to the relative…The ratio of the relative change in a function's output with respect to the relative change in its input, for infinitesimal changes at a certain point.
Meaning
1 sensesThe ratio of the relative change in a function's output with respect to the relative change in its input, for infinitesimal changes at a certain point.
Forms
plural: point elasticities| Singular | point elasticity |
|---|---|
| Plural | point elasticities |
regular