Price elasticity of supply is the responsiveness of a supply of a good or service after a change in its market price. Basic economic theory states that supplies increase when prices rise and drop ...

We study how trade-policy dynamics affect the dynamics of trade volumes and the implications of these effects for estimates of the trade elasticity. We use data on US imports and trade policy from ...

Liao Pan / China News Service / VCG / Getty Images In economics, price elasticity is a measure of how reactive the marketplace is to a change in price for a given product. However, price ...