Flexible prices (弹性价格)

Flexible prices (弹性价格 tánxìng jiàgé) refer to prices that can be adjusted in response to change in market demand or supply. In other words, consumers and producers will negotiate prices and there will be no market surplus or shortage in the long term.

Also see: inflexible prices and sticky prices.

» Add a new term or correction« Back to Glossary Index