Travel Industry Dictionary Find Definitions Center Rule Travel Words Start with G
A Travel Words B Travel Words C Travel Words D Travel Words E Travel Words F Travel Words G Travel Words H Travel Words I Travel Words J Travel Words K Travel Words L Travel Words M Travel Words M Travel Words O Travel Words P Travel Words Q Travel Words R Travel Words S Travel Words T Travel Words U Travel Words V Travel Words W Travel Words X Travel Words Y Travel Words Z Travel Words Number Travel Words

Define Elasticity

elasticity. Technically, the ratio of the percentage change in price of a product (such as an airline ticket) and the percentage change in demand for that product. More generally, the relationship between pricing and consumer demand.

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