Sentences with phrase «elasticity of»

In economic theory, the price elasticity of supply (PES) is a measurement used to calculate a market's supply responsiveness to a change in price.

Analyzed the sensitivity of a proposed price increase across ~ 400 stores, using Microsoft Excel to calculate elasticity of demand and find optimal price, and Minitab to verify statistical significance of results

For example, research finding that a 10 percent increase in the minimum wage is associated with a one - tenth of 1 percent reduction in employment (i.e., an elasticity of 0.01) would be less likely to be published than a study finding a 3 percent reduction in employment (i.e., elasticity of — 0.3).

If the research involves regression analysis, the null hypothesis would be: «The estimated coefficient on the elasticity of employment with respect to the minimum wage would be zero.»

A savings plan that aids you save for meeting your financial goals, at the same time it gives you the elasticity of withdrawing your savings with all the benefits accrued, anytime during the Flexi benefit period.

Later on, it also discussed the fees» failure to raise much revenue, concluding that «it is clear that the fees were not set at the optimal price: the price elasticity of demand was greatly underestimated».

The elasticity of the doctrine's boundaries is understandable given the vicissitudes of human experience.

Kevin Drum's recent post on the low price elasticity of demand for oil has reignited an old debate over gas taxes and energy innovation.

«Evidence of a shift in the short - run price elasticity of gasoline demand.»

Our modelling indicates strongly that a tax at this low level will have no effect upon coal - fired generation and, given the relatively low price elasticity of demand for electricity at the retail level (probably because electricity has been so cheap in Australia), the demand side effect would be negligible and difficult to spot given the srong secular growth in demand.

The primary problem for forecasting here is the high degree of uncertainty regarding the long - term price elasticity of energy demand.

The big takeaway for carbon taxes is that the short - run price - elasticity of gasoline demand is rising (Point # 2).

Note added April, 2017: A more current and in - depth treatment of the price - elasticity of U.S. gasoline usage may be found in our Sept 2015 blog post, What an Energy - Efficiency Hero Gets Wrong about Carbon Taxes.

There is a large elasticity of demand for power where it is unavailable.

Very roughly, the elasticity of temperature with respect to atmospheric carbon dioxide concentration is the ratio of those two percentages: 0.25 % / 24.44 % = 0.01.

First, it allows the elasticity of substitution between energy and non-energy inputs to differ in the short and long run.

This report analyzes the competition between coal, natural gas and petroleum used for electricity generation by estimating what is referred to by economists as the elasticity of substitution among the fuels.

This discrepancy arises from two factors; the elasticity of coal - related terminology and the addition of a large body of new data over the last 35 years.

The exposure to ultra-violet light leads to embrittlement and a decrease in elasticity of the system.

Imposing a carbon tax in a particular nation or state with the goal of reducing CO2 emissions makes no sense unless one 1st understands the relative elasticity of the fossil fuel upon which the tax is being contemplated.

In particular, the model captures both the short - and long - run elasticity of substitution between energy and non-energy inputs, as well as trends in final - use energy efficiency.

Reductions in PV module and system prices have confirmed the elasticity of PV demand though well designed and implemented government subsidy programs remain crucial for rapid PV deployment and market growth.

Regardless of one's estimate of the long - run supply elasticity of energy production, these trends will inhibit both price increases and quantity increases.

Fundamentally, we are using more and more food for biofuels and meat production — and Asia has now become sufficiently rich that it has a low elasticity of demand.

I calculate an elasticity of.014 for the impact of CO2 growth on temperature (degrees in Kelvan).

[Response: Note: discussions of economics and elasticity of supply are outside the remit of this site — William]

The Projective Drawing presents a body of work that insists on the elasticity of the language of drawing.

Her paintings, which can also be considered relief sculpture, rely on the elasticity of acrylic paints.

And with the pantyhose I was really interested in the elasticity of it, because we as human beings have a lot of elasticity, not only with our bodies — you know, dieting and gaining weight again and then doing this and doing that and you know the psyche — that also stretching and being able to come back into some form of normality.

It is a reciprocal exchange that requires presence and elasticity of mind.

The artist consistently tests the elasticity of venerable art canons while oscillating between familial memories and the immense gesture of painting and sculpture.

Together they speak to the elasticity of the printmaking...

Rendered in hues of mottled cream, peach, blush, and flares of radiant orange, Saville's accomplished application of paint expertly evokes the texture and elasticity of flesh.

Artist Chris Baily activates his paintings through projections that create an atmosphere exploring the elasticity of time and space in «Lucid Moments,» the latest exhibition to fill Parenthesis Art Space.

Phillipson's work is committed to a playful confrontation with the elasticity of articulation.

Wang Yahui tests the boundary of visual perception by delving into concepts of «empty» and «solid,» «inside» and «outside,» the elasticity of time, and the field of vision.

Inspired in part by her experience of motherhood, Nengudi works with nylon mesh «because it relates to the elasticity of the human body.

She is the founder of the Pocho Research Society (PRS)(2002), a project that explores the elasticity of the artifact and the mythmaking aspects of «History» through conceptual, performative, social, and aesthetic strategies that result in multi-media installations, video, photographic work, social engagement, publications, and public interventions.

Angel Otero is a painter and sculptor whose lush, seductive canvases and hybrid works in porcelain and steel test the elasticity of these traditional forms.

One small gallery concentrates on the elasticity of current representational art with works by Kinke Kooi, William Leavitt, Sara Deraedt and Nicole Eisenman.

«It's about effacing the difference between other and self, and seeing the elasticity of all these lives you could have led,» says Hammond, who in recent years has become admittedly obsessed with collecting vernacular photography and now owns well over 10,000 images that find their way into her art.

For over two decades, Hancock has immersed himself in drawing, testing the elasticity of the medium with a keen sense of humor.

Either my geriatric alarm clock has finally gone - off or the elasticity of More...

But no art neighborhood has quite the elasticity of what could be called uptown.

Motifs do reappear — black pears, strawberries, monkeys, noses, silhouettes, roosters, clocks — but less as representations or signatures, and more as a visual lexicon which allows her to expand and distort their meanings in an ongoing meditation on the nature of representation and the elasticity of symbols.

«It relates to the elasticity of the human body,» Nengudi said.

«[B] y approaching the house images with care not to break up the solidarity of memory and imagination, we may hope to make others feel all the psychological elasticity of an image that moves us at an unimaginable depth,» he writes.

At Fourteen30 Contemporary, Rafferty, a participant in this year's Whitney Biennial, presents new work concerning language and the body, a connection bridged through the concept of «figure drawing,» which applies both to the classical practice of artists observing and representing a model as well as using the innate elasticity of words to suggest multiple, sometimes contradictory meanings.

Other times, it's a diehard brain - teaser with the elasticity of a crossword puzzle.

On land, it uses the elasticity of the balloons it creates to perform jumps and acrobatic stunts.