noun
price elasticity
Economics term for the responsiveness of quantity demanded or supplied to a change in price.
価格弾力性が高い商品は、値下げすると売上が大きく伸びる。
For products with high price elasticity, sales increase significantly when the price is lowered.
Compound of 価格 (price) + 弾力性 (elasticity), a calque from English 'price elasticity'.