noun
elasticity of supply
Economics term referring to the responsiveness of quantity supplied to a change in price.
供給の弾力性が高い商品は、価格の変化に応じて供給量が大きく変わる。
For goods with high elasticity of supply, the quantity supplied changes greatly in response to price changes.
Elasticity of demand; measures responsiveness of quantity demanded to price changes, while 供給の弾力性 focuses on the supply side.
Compound of 供給 (supply) + の (possessive particle) + 弾力性 (elasticity). A direct translation of the English economics term 'elasticity of supply'.