arc elasticity

简明释义

弧弹性

英英释义

例句

1.Calculating the arc elasticity 弧弹性 of demand helps businesses set optimal pricing strategies.

计算需求的弧弹性 弧弹性有助于企业制定最佳定价策略。

2.When analyzing consumer behavior, the arc elasticity 弧弹性 can indicate whether a product is a necessity or a luxury.

在分析消费者行为时，弧弹性 弧弹性可以表明一种产品是必需品还是奢侈品。

3.The concept of arc elasticity 弧弹性 is crucial for understanding how price changes affect demand over a range of prices.

概念弧弹性 弧弹性对于理解价格变化如何影响需求在一系列价格中的变化至关重要。

4.In economics, we often use arc elasticity 弧弹性 to measure the responsiveness of quantity demanded to price changes between two points on a demand curve.

在经济学中，我们经常使用弧弹性 弧弹性来衡量在需求曲线的两个点之间，数量需求对价格变化的反应。

5.A high arc elasticity 弧弹性 suggests that consumers are very sensitive to price changes.

高弧弹性 弧弹性表明消费者对价格变化非常敏感。

作文

Understanding the concept of arc elasticity is crucial for anyone studying economics or business. It refers to a specific method of measuring the elasticity of demand or supply between two points on a curve, rather than at a single point. This is particularly useful because it provides a more accurate representation of how quantity demanded or supplied responds to price changes over a range of prices, rather than just at one price level. To illustrate this concept, let’s consider a simple example involving the price of coffee. Suppose the price of a cup of coffee rises from $2 to $3, and during this period, the quantity demanded decreases from 100 cups to 80 cups. To calculate the arc elasticity of demand, we would use the following formula:Arc Elasticity = (Change in Quantity / Average Quantity) / (Change in Price / Average Price)In our scenario, the change in quantity is 80 - 100 = -20 cups, and the average quantity is (100 + 80) / 2 = 90 cups. The change in price is $3 - $2 = $1, and the average price is ($2 + $3) / 2 = $2.50. Plugging these values into the formula gives us:Arc Elasticity = (-20 / 90) / (1 / 2.5) = (-0.222) / (0.4) = -0.555.This result indicates that the demand for coffee is inelastic in this price range, meaning that consumers are not very responsive to price changes. Understanding arc elasticity allows businesses to make informed pricing decisions. If they know that demand is inelastic, they might choose to raise prices to increase revenue, as consumers will not significantly reduce their purchases. Conversely, if demand were elastic, raising prices could lead to a substantial drop in sales.Moreover, arc elasticity can also apply to supply. For instance, if the price of coffee beans increases, and suppliers respond by increasing the quantity supplied, understanding the elasticity can help predict how much more coffee will be produced as a response to price changes. This insight is essential for producers to plan their production levels effectively.In conclusion, grasping the concept of arc elasticity is vital for analyzing market behavior. It provides a clearer picture of how changes in price affect both demand and supply over a range of prices. By utilizing this measure, economists and business professionals can make better predictions and strategic decisions, ultimately leading to more effective market strategies. Whether one is a student of economics or a business owner, understanding arc elasticity can provide valuable insights into consumer behavior and market dynamics.

理解弧弹性的概念对于任何学习经济学或商业的人来说都是至关重要的。它指的是在曲线上的两个点之间测量需求或供应弹性的一种特定方法，而不是在单个点上。这一点尤其有用，因为它提供了一个更准确的表示，即在一系列价格变化中，需求或供应的数量如何响应价格变化，而不仅仅是在一个价格水平上。为了说明这一概念，让我们考虑一个简单的例子，涉及咖啡的价格。假设一杯咖啡的价格从2美元上涨到3美元，在此期间，需求量从100杯减少到80杯。要计算弧弹性，我们将使用以下公式：弧弹性 = (数量变化 / 平均数量) / (价格变化 / 平均价格)在我们的场景中，数量变化为80 - 100 = -20杯，平均数量为(100 + 80) / 2 = 90杯。价格变化为3美元 - 2美元 = 1美元，平均价格为(2 + 3) / 2 = 2.50美元。将这些值代入公式，我们得到：弧弹性 = (-20 / 90) / (1 / 2.5) = (-0.222) / (0.4) = -0.555。这个结果表明，在这个价格区间内，咖啡的需求是缺乏弹性的，这意味着消费者对价格变化并不敏感。理解弧弹性使企业能够做出明智的定价决策。如果他们知道需求缺乏弹性，他们可能会选择提高价格以增加收入，因为消费者不会显著减少购买。相反，如果需求是有弹性的，提高价格可能会导致销售量大幅下降。此外，弧弹性也可以应用于供应。例如，如果咖啡豆的价格上涨，供应商通过增加供应量来响应，理解弹性可以帮助预测在价格变化下将会生产多少更多的咖啡。这些见解对于生产者有效规划生产水平至关重要。总之，掌握弧弹性的概念对于分析市场行为至关重要。它提供了一个更清晰的图景，展示了价格变化如何影响需求和供应在一系列价格中的表现。通过利用这一测量，经济学家和商业专业人士可以做出更好的预测和战略决策，最终导致更有效的市场策略。无论是经济学学生还是企业主，理解弧弹性都能为消费者行为和市场动态提供宝贵的见解。