law of elastic demand

简明释义

弹性需求法则

英英释义

例句

1.When the price of a product increases, consumers often buy less, illustrating the law of elastic demand (弹性需求法则).

当产品价格上涨时，消费者通常会减少购买，这体现了弹性需求法则。

2.The law of elastic demand (弹性需求法则) suggests that luxury items will see a larger drop in quantity demanded when prices rise.

根据弹性需求法则，奢侈品在价格上涨时，需求量的下降会更大。

3.Understanding the law of elastic demand (弹性需求法则) helps businesses set optimal pricing strategies.

理解弹性需求法则有助于企业制定最佳定价策略。

4.A decrease in the price of coffee led to an increase in sales, confirming the law of elastic demand (弹性需求法则).

咖啡价格的下降导致销售量增加，证实了弹性需求法则。

5.Products with many substitutes typically exhibit the law of elastic demand (弹性需求法则).

具有许多替代品的产品通常表现出弹性需求法则。

作文

The concept of the law of elastic demand is fundamental in understanding consumer behavior and market dynamics. This economic principle explains how the quantity demanded of a good or service changes in response to price fluctuations. Specifically, when the price of a product decreases, the quantity demanded typically increases, and vice versa. This relationship can vary significantly depending on the nature of the product, leading to different degrees of elasticity. Products that are considered necessities often have inelastic demand, meaning that consumers will continue to purchase them regardless of price changes. In contrast, luxury items tend to exhibit elastic demand, where a slight increase in price may lead to a substantial drop in quantity demanded.Understanding the law of elastic demand is crucial for businesses and policymakers alike. For businesses, knowing how sensitive consumers are to price changes can inform pricing strategies. For example, if a company sells a product with elastic demand, they may need to be cautious about raising prices, as this could lead to a significant decline in sales. On the other hand, if they sell a product with inelastic demand, they might have more flexibility to increase prices without losing many customers.From a policymaking perspective, the law of elastic demand can influence tax policies and subsidies. If a government imposes a tax on a product with elastic demand, it could lead to a decrease in consumption, potentially harming businesses and the economy. Conversely, subsidizing essential goods with inelastic demand can help ensure that these products remain affordable for consumers, promoting public welfare.Moreover, the law of elastic demand also plays a role in understanding market trends and consumer preferences. For instance, during economic downturns, consumers may become more price-sensitive, leading to increased elasticity across various products. Businesses must adapt to these changing conditions by reassessing their pricing strategies and marketing efforts to maintain their customer base.In conclusion, the law of elastic demand is a vital concept in economics that provides insights into how price changes affect consumer behavior and market dynamics. By grasping this principle, businesses can make informed decisions regarding pricing strategies, while policymakers can design effective economic policies. Ultimately, understanding the law of elastic demand enables stakeholders to navigate the complexities of the market more effectively, ensuring both economic stability and consumer satisfaction.

弹性需求法则是理解消费者行为和市场动态的基本概念。这个经济原则解释了商品或服务的需求量如何随着价格波动而变化。具体而言，当产品价格下降时，需求量通常会增加，反之亦然。这种关系可能因产品性质的不同而显著变化，导致不同程度的弹性。被认为是必需品的产品通常具有缺乏弹性的需求，这意味着消费者无论价格变化如何，仍会继续购买它们。相反，奢侈品往往表现出弹性需求，价格的轻微上涨可能会导致需求量急剧下降。理解弹性需求法则对企业和政策制定者都至关重要。对于企业而言，了解消费者对价格变化的敏感程度可以为定价策略提供参考。例如，如果一家公司销售的产品具有弹性需求，他们可能需要谨慎提高价格，因为这可能导致销售量显著下降。另一方面，如果他们销售的是具有缺乏弹性需求的产品，他们可能在提高价格时有更多的灵活性，而不会失去许多顾客。从政策制定的角度来看，弹性需求法则可以影响税收政策和补贴。如果政府对具有弹性需求的产品征税，可能会导致消费减少，从而对企业和经济造成伤害。相反，补贴具有缺乏弹性需求的必需品可以帮助确保这些产品对消费者保持可负担性，促进公共福利。此外，弹性需求法则还在理解市场趋势和消费者偏好方面发挥着作用。例如，在经济衰退期间，消费者可能变得更加敏感于价格，导致各种产品的弹性增加。企业必须适应这些变化的条件，通过重新评估定价策略和营销努力来维持客户基础。总之，弹性需求法则是经济学中的一个重要概念，它提供了价格变化如何影响消费者行为和市场动态的见解。通过掌握这一原则，企业可以在定价策略上做出明智的决策，而政策制定者可以设计有效的经济政策。最终，理解弹性需求法则使各方能够更有效地应对市场的复杂性，确保经济稳定和消费者满意。