Sentences with phrase «price elasticity for»

The question is what happens to volume and Amazon clearly believes there is price elasticity for new books (and so do I, speaking purely as a consumer).

Not exact matches

In terms of own price elasticity values, a recent meta - analysis estimated an average own price effect for carbonated sugar sweetened drinks (a near equivalent of the category non-concentrated sugar sweetened drinks, which predominantly includes carbonated drinks) of − 0.93, larger than our value of − 0.81.51 Our estimated value is also at the lower end of the range of own price elasticities frequently cited for sugar sweetened drinks of − 0.8 to − 1.0, based on one large review.52 Our own price estimate is comparable to experimental data (a 25 % reduction for a 35 % price rise) in a canteen study.53 However, all these estimates may be influenced by US studies in which higher estimates may reflect higher levels of consumption.

The lower levels of baseline sugar sweetened drink consumption in the UK compared with the US may in part explain why the effect on obesity that we estimate in the UK is much less than that estimated in the US.12 The differences with respect to other modelling studies may also be partly explained by their use of higher own price elasticity values for sugar sweetened drinks than we have calculated and used here.18 22 52 We can not make direct comparisons between the results of our study and the results of recent studies of the effect of reducing sugar sweetened drink consumption on body weight in children, 5 7 as the relation between energy balance and change in body mass index in children who are growing is different from that in adults.

For example, an own price elasticity of − 0.9 for sugar sweetened drinks indicates that a 10 % increase in the price results in a 9 % lower consumption of such drinks, whereas a cross price elasticity of 0.2 between sugar sweetened drinks and milk indicates that a 10 % higher price of sugar sweetened drinks leads to milk consumption being higher by 2 %, implying that milk is a substitute for sugar sweetened drinFor example, an own price elasticity of − 0.9 for sugar sweetened drinks indicates that a 10 % increase in the price results in a 9 % lower consumption of such drinks, whereas a cross price elasticity of 0.2 between sugar sweetened drinks and milk indicates that a 10 % higher price of sugar sweetened drinks leads to milk consumption being higher by 2 %, implying that milk is a substitute for sugar sweetened drinfor sugar sweetened drinks indicates that a 10 % increase in the price results in a 9 % lower consumption of such drinks, whereas a cross price elasticity of 0.2 between sugar sweetened drinks and milk indicates that a 10 % higher price of sugar sweetened drinks leads to milk consumption being higher by 2 %, implying that milk is a substitute for sugar sweetened drinfor sugar sweetened drinks.

Another problem he underlines is that emphasis is often only placed on the own - price elasticity of demand for SSBs although substitution towards other non-taxed goods that are high in calories can also take place, reducing or even eliminating any direct reduction in the consumption of SSBs.

Yet this incredible elasticity comes with a price for many; stretch marks, the pink or even red «tiger stripes» that show up on -LSB-...]

This resource could be used as a full lesson and includes attached activities, challenging and thoughtful questions, learning objectives and embedded URL links where appropriate and tasks / information for students to use to learn about issues relating to macroeconomics and microeconomics These resources work well with other popular Economics Resources such as: Microeconomics Exam Paper Price Determination of Ticket Prices The UK Housing Market The Price Mechanism Cross Elasticity of Demand (XED) Demand Activities Price Elasticity of Supply (PES) Economics Essay Feedback Proforma Demand Minimum Pricing

A level Economics lesson: Price Elasticity of Supply (PES) For the Edexcel Exam board This PowerPoint could be used as a full lesson and includes attached activities, challenging and thoughtful questions, learning objectives and embedded URL links where appropriate and tasks / information for students to use to learn about issues relating to PES These resources work well with other popular Economics ResourcFor the Edexcel Exam board This PowerPoint could be used as a full lesson and includes attached activities, challenging and thoughtful questions, learning objectives and embedded URL links where appropriate and tasks / information for students to use to learn about issues relating to PES These resources work well with other popular Economics Resourcfor students to use to learn about issues relating to PES These resources work well with other popular Economics Resources.

For Term 2, 2018, it covers resource allocation, production possibility curves, market and mixed economic systems • demand and supply analysis • price elasticity • market failure • social and private costs and benefits, business organization, costs and revenue •, costs and revenue, competition, inflation and deflation • employment and unemployment • GDP, economic growth and recession • GDP and other measures of living standards etc..

Specifically, this lesson is for teaching the price elasticity of supply, what it is and how to calculate it.

Specifically, this lesson is for teaching price elasticity of demand (LESSON TWO).

The reason for that is because those authors who do worse probably have less price elasticity and are more likely to be the authors who sell the most books.

The beauty of this is price elasticity increases total revenue for lower priced books, and promotion further adds to the effect.

Thus, if a 10 % rise in price does not result in a 10 % or more drop in sales, the price elasticity of demand for fuel is deemed «inelastic».

In economic theory, the term for the change in demand as the price of a product increases is the price elasticity of demand.

There are a lot of back - end logistics and intangibles that inform these relative costs, and I'm seeing a cultural slide toward the deep - discounted ecommerce price as being regarded as the «real» $ value of a work, which means that authors are not able to command as high a price for their work, and must rely entirely on price elasticity of demand, praying that the math on lower price, higher sales # s adds up in their favor.

(Price elasticity is a proven concept for digital publishing.)

Price elasticity In general, the higher the price of a product the lower the demand foPrice elasticity In general, the higher the price of a product the lower the demand foprice of a product the lower the demand for it.

What really matters for energy transitions, it seems to me, is the resource - to - reserve price elasticity, combined with the pace of development of alternatives.

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.

Rog, I said that «people used to argue for tobacco and alcohol because price elasticities were LOW».

They now argue for high taxes on tobacco and alcohol to reduce consumption and addiction even through the price elasticities are no higher than before.

an example: people used to argue for high taxes on tobacco and alcohol because price elasticities were low.

Price elasticities can be difficult to interpret, as demand can change for reasons beyond changes in fuel price, including changes in other economic factors (e.g., income), demographics, driver behavior, vehicle fuel efficiency, and other structural facPrice elasticities can be difficult to interpret, as demand can change for reasons beyond changes in fuel price, including changes in other economic factors (e.g., income), demographics, driver behavior, vehicle fuel efficiency, and other structural facprice, including changes in other economic factors (e.g., income), demographics, driver behavior, vehicle fuel efficiency, and other structural factors.

From our own micro-economic analyses as well as a literature review, CTC believes a «price - elasticity» of 35 % (or negative 0.35, in the jargon) is an appropriate assumption for gasoline demand, and 70 % for electricity.

While a rising elasticity contradicts the standard economic model in which price - sensitivities don't change much over time, Point # 5 provides a reasonable explanation: gasoline prices (and energy prices in general) had fluctuated so wildly for decades, and a sense of entitlement to cheap gasoline had become so ingrained in American society, that it took a long time for households and businesses to internalize the rise in pump prices — to regard it as real.

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

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

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.

Moreover, if you've got what they want and need and they aren't exactly spoilt for choice, a rudimentary grasp of supply and demand and price elasticity should lead to the conclusion (quite correctly for the most part) that you can charge a premium.