Elasticity of savings
Revision as of 01:37, 2 June 2020 by Kevmwangi (talk | contribs) (Created page with "Elasticity of savings is the percentage change in the quantity of savings divided by the percentage change in interest rates. ==Definition== According to Principles of...")
Elasticity of savings is the percentage change in the quantity of savings divided by the percentage change in interest rates.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Elasticity of savings. The percentage change in the quantity of savings divided by the percentage change in interest rates.
