01:58 Jan 20, 2011 |
Spanish to English translations [PRO] Bus/Financial - Economics / generic drug prices | |||||||
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| Selected response from: Carl Stoll Argentina Local time: 10:55 | ||||||
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Summary of answers provided | ||||
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5 +4 | demand [is] inelastic with respect to price |
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3 +1 | demand persists/remains constant irrelevant of cost |
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Discussion entries: 4 | |
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demand persists/remains constant irrelevant of cost Explanation: I would suggest -------------------------------------------------- Note added at 9 mins (2011-01-20 02:08:10 GMT) -------------------------------------------------- the consumers need the product and have to pay regardless of the cost ... -------------------------------------------------- Note added at 10 mins (2011-01-20 02:09:24 GMT) -------------------------------------------------- the socioeconomic downside of supply and demand ... |
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demand [is] inelastic with respect to price Explanation: "Demand [is] inelastic with respect to price" is a standard expression in economics. It's usually shortened to "demand is inelastic", since elasticity with respect to other variables than price, such as the weather or religious beliefs, is seldom considered. |
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