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单词 elasticity of substitution
释义
  • Business

elasticity of substitutionnoun [ U ]

ukus

ECONOMICS the degree to which the number of products sold changes when the price of another similar product changes, which shows to what degree the two products can replace one another:

The report discusses the elasticity of substitution between home and foreign goods.
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更新时间:2025/2/9 12:32:01