price elasticity of demand

简明释义

需求价格灵活性,需求价格弹性

英英释义

例句

1.The concept of price elasticity of demand is crucial for businesses when setting their prices.

价格需求弹性的概念对于企业制定价格至关重要。

2.A product with high price elasticity of demand means that a small change in price can lead to a significant change in quantity demanded.

具有高价格需求弹性的产品意味着价格的小幅变化可能会导致需求量的显著变化。

3.Understanding the price elasticity of demand helps retailers decide how much to discount during sales.

理解价格需求弹性帮助零售商决定在促销期间折扣的幅度。

4.Economists often use price elasticity of demand to evaluate the impact of taxes on consumer behavior.

经济学家通常使用价格需求弹性来评估税收对消费者行为的影响。

5.If the price elasticity of demand for a luxury item is low, raising its price may not significantly reduce sales.

如果奢侈品的价格需求弹性低，提高价格可能不会显著减少销售量。

作文

Understanding the concept of price elasticity of demand is crucial for both businesses and consumers. It refers to how sensitive the quantity demanded of a good is to a change in its price. In simpler terms, it measures the responsiveness of consumers to price changes. For example, if the price of a product increases significantly, and as a result, the demand for that product drops sharply, we can say that the product has high price elasticity of demand. Conversely, if a price increase leads to only a slight decrease in quantity demanded, the product is said to have low price elasticity of demand.The significance of price elasticity of demand extends beyond theoretical economics; it has real-world implications for pricing strategies, tax policies, and understanding consumer behavior. Businesses often analyze this elasticity when setting prices for their products. For instance, luxury goods typically have a high price elasticity of demand, meaning that consumers will likely reduce their purchases if prices rise. On the other hand, essential goods, like bread or milk, tend to have low price elasticity of demand since consumers need these items regardless of price changes.Moreover, the price elasticity of demand can vary between different consumer segments. Younger consumers might be more price-sensitive compared to older generations who may prioritize brand loyalty over price. Understanding these nuances helps companies tailor their marketing strategies effectively.In addition to business applications, price elasticity of demand plays a vital role in government policy-making, especially regarding taxation. For example, if a government imposes a tax on cigarettes, which are known to have low price elasticity of demand, the quantity demanded may not decrease significantly. This means that the government can collect substantial revenue from such taxes without drastically affecting consumption. However, if the same tax were applied to a luxury item with high price elasticity of demand, the drop in sales could lead to a loss in revenue.Furthermore, understanding price elasticity of demand can help predict market trends. For example, during economic downturns, consumers become more price-sensitive, leading to increased elasticity across various goods and services. Companies that recognize this shift can adjust their pricing strategies accordingly, offering discounts or promotions to maintain sales volume.In conclusion, the concept of price elasticity of demand is fundamental to understanding market dynamics. It helps businesses make informed pricing decisions, enables governments to design effective tax policies, and allows consumers to understand their purchasing behaviors better. By analyzing the elasticity of demand for various products, stakeholders can gain valuable insights into how price changes will affect overall demand. Therefore, mastering the concept of price elasticity of demand is essential for anyone involved in economics, business, or public policy.

理解需求的价格弹性这一概念对于企业和消费者来说至关重要。它指的是对商品价格变化的敏感程度，即消费者对价格变化的反应程度。简单来说，它衡量的是消费者在价格变动时对商品需求量的响应。例如，如果某种产品的价格大幅上涨，导致该产品的需求量急剧下降，我们可以说该产品具有高需求的价格弹性。相反，如果价格上涨仅导致需求量略有减少，则该产品被认为具有低需求的价格弹性。需求的价格弹性的重要性不仅体现在理论经济学上；它对定价策略、税收政策和理解消费者行为都有实际影响。企业通常在制定产品价格时会分析这种弹性。例如，奢侈品通常具有高需求的价格弹性，这意味着如果价格上涨，消费者可能会减少购买。另一方面，像面包或牛奶这样的必需品往往具有低需求的价格弹性，因为消费者无论价格如何都需要这些商品。此外，需求的价格弹性在不同消费者群体之间可能有所不同。年轻消费者可能对价格更敏感，而老一代消费者则可能更重视品牌忠诚度而非价格。理解这些差异有助于公司有效地调整其营销策略。除了商业应用外，需求的价格弹性在政府政策制定中也发挥着重要作用，尤其是在税收方面。例如，如果政府对香烟征税，而香烟的需求通常具有低需求的价格弹性，那么需求量可能不会显著下降。这意味着政府可以从此类税收中获得可观的收入，而不会对消费产生重大影响。然而，如果同样的税收适用于具有高需求的价格弹性的奢侈品，销售量的下降可能会导致收入损失。此外，理解需求的价格弹性可以帮助预测市场趋势。例如，在经济衰退期间，消费者变得更加敏感，因此各类商品和服务的弹性可能会增加。认识到这一变化的公司可以相应调整定价策略，提供折扣或促销以维持销售量。总之，需求的价格弹性这一概念是理解市场动态的基础。它帮助企业做出明智的定价决策，使政府能够设计有效的税收政策，并使消费者更好地理解自己的购买行为。通过分析各种产品的需求弹性，各利益相关者可以获得关于价格变化将如何影响总体需求的宝贵见解。因此，掌握需求的价格弹性这一概念对于任何参与经济学、商业或公共政策的人来说都是必不可少的。