Sentences with phrase «run price elasticity»
«Evidence of a shift in the short - run price elasticity of gasoline demand.»
https://mpra.ub.uni-muenchen.de/ Not exact matches
Regardless of one's estimate of the long - run supply elasticity of energy production, these trends will inhibit both price increases and quantity increases.
Gary Becker argues that tobacco and alcohol price elasticities were high in the long - run.
These estimates are «long - run» elasticities, meaning that price rises take years to fully affect demand.
(The long - run price - elasticity is probably around minus 0.4, as we discuss here.)
The big takeaway for carbon taxes is that the short - run price - elasticity of gasoline demand is rising (Point # 2).