price-elastic
B2CEFR level
55/100Rarity: uncommon
TechnicalRegister
Describing a good whose demand changes sharply in response to a change in its price.
Budget airlines operate in a highly price-elastic market, so even a small fare cut fills seats.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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