semi-elasticity
Noun
Meaning
semi-elasticity (plural semi-elasticities)
(economics) The change in a function relative to an absolute change in its parameter. Algebraically, the semi-elasticity of a function f at point x is f'(x) / f(x).
Noun
semi-elasticity (plural semi-elasticities)
(economics) The change in a function relative to an absolute change in its parameter. Algebraically, the semi-elasticity of a function f at point x is f'(x) / f(x).