cross elasticity of supply

简明释义

供给交叉弹性

英英释义

例句

1.If the cross elasticity of supply is positive, it indicates that the two goods are substitutes in production.

如果 供给的交叉弹性 为正，说明这两种商品在生产上是替代品。

2.Understanding cross elasticity of supply helps businesses make informed decisions about resource allocation.

理解 供给的交叉弹性 有助于企业做出关于资源分配的明智决策。

3.For example, if the price of corn rises, the cross elasticity of supply for soybeans may also increase as farmers shift their focus.

例如，如果玉米价格上涨，供给的交叉弹性 可能也会增加，因为农民会转向大豆。

4.The cross elasticity of supply measures how the quantity supplied of one good responds to a change in the price of another good.

供给的交叉弹性 衡量一种商品的供给数量对另一种商品价格变化的反应程度。

5.A high cross elasticity of supply suggests that producers can easily switch between products when prices change.

高 供给的交叉弹性 表明生产者在价格变化时可以轻松地在产品之间切换。

作文

In the field of economics, understanding the various elasticities is crucial for analyzing how different factors affect supply and demand in markets. One important concept is the cross elasticity of supply, which measures the responsiveness of the quantity supplied of one good to a change in the price of another good. This concept plays a vital role in determining the relationship between different products in the market, particularly when they are substitutes or complements. By examining the cross elasticity of supply, businesses and policymakers can make informed decisions about pricing strategies, production levels, and resource allocation.To illustrate this concept, consider two goods: coffee and tea. If the price of coffee rises, some consumers might switch to tea as a substitute. As a result, tea producers may increase their supply to meet the rising demand. The cross elasticity of supply in this case would be positive, indicating that an increase in the price of coffee leads to an increase in the supply of tea. This relationship highlights how interconnected different goods can be in a market economy.On the other hand, if we look at complementary goods, such as printers and ink cartridges, the cross elasticity of supply can behave differently. If the price of printers decreases, it is likely that more consumers will buy printers, leading to an increase in the demand for ink cartridges. In this scenario, the cross elasticity of supply for ink cartridges may also be positive, as the supply of ink cartridges would need to increase to accommodate the higher demand resulting from the increased sales of printers.The significance of understanding cross elasticity of supply extends beyond just individual businesses; it also impacts entire industries and economies. For instance, if a company identifies a strong cross elasticity of supply between its product and a competitor's, it might choose to adjust its pricing or marketing strategies to capitalize on this relationship. Similarly, policymakers can use this information to predict how changes in taxes or subsidies might affect the supply of related goods, ultimately influencing market stability and consumer welfare.Moreover, the cross elasticity of supply can also help in assessing market competition. If two goods have a high degree of substitutability, firms may need to be more responsive to price changes in order to maintain their market share. This competitive dynamic can lead to innovations and improvements in product quality, benefiting consumers in the long run.In conclusion, the cross elasticity of supply is a fundamental concept in economics that provides valuable insights into the relationships between different goods in the market. By understanding how the supply of one good reacts to price changes in another, businesses and policymakers can make better decisions that enhance efficiency and promote economic growth. Whether dealing with substitutes or complements, recognizing the implications of cross elasticity of supply is essential for navigating the complexities of modern markets.

在经济学领域，理解各种弹性对于分析不同因素如何影响市场中的供求关系至关重要。一个重要的概念是交叉供给弹性，它衡量一种商品的供给数量对另一种商品价格变化的响应程度。这个概念在确定市场中不同产品之间的关系时发挥着重要作用，尤其是在它们是替代品或互补品的情况下。通过研究交叉供给弹性，企业和政策制定者可以就定价策略、生产水平和资源配置做出明智的决定。为了说明这个概念，考虑两种商品：咖啡和茶。如果咖啡的价格上涨，一些消费者可能会转向茶作为替代品。因此，茶的生产商可能会增加供应以满足不断上升的需求。在这种情况下，茶的交叉供给弹性将是正的，表明咖啡价格的上涨导致茶的供应增加。这种关系突显了不同商品在市场经济中是如何相互关联的。另一方面，如果我们观察互补商品，例如打印机和墨盒，交叉供给弹性的表现可能会有所不同。如果打印机的价格下降，更多的消费者可能会购买打印机，从而导致对墨盒的需求增加。在这种情况下，墨盒的交叉供给弹性也可能是正的，因为墨盒的供应需要增加，以适应因打印机销量增加而导致的更高需求。理解交叉供给弹性的重要性不仅局限于个别企业；它还影响整个行业和经济。例如，如果一家公司识别到其产品与竞争对手之间存在强烈的交叉供给弹性，它可能会选择调整定价或营销策略，以利用这种关系。同样，政策制定者可以利用这些信息来预测税收或补贴的变化如何影响相关商品的供应，最终影响市场的稳定性和消费者福利。此外，交叉供给弹性还可以帮助评估市场竞争。如果两种商品具有高度的替代性，企业可能需要对价格变化更加敏感，以维持其市场份额。这种竞争动态可能会导致创新和产品质量的提升，从长远来看使消费者受益。总之，交叉供给弹性是经济学中的一个基本概念，它提供了关于市场中不同商品之间关系的宝贵见解。通过理解一种商品的供应如何对另一种商品的价格变化作出反应，企业和政策制定者可以做出更好的决策，从而提高效率，促进经济增长。无论是处理替代品还是互补品，认识到交叉供给弹性的影响对于应对现代市场的复杂性至关重要。