Elasticity

The percentage change in one variable given a 1% ceteris paribus increase in another variable

Similar financial terms

Price elasticity
The percentage change in the quantity divided by the percentage change in the price.

Option elasticity
The percentage increase in an option's value given a 1% change in the value of the underlying security.

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European Economic Area (EEA)

The European Economic Area (EEA) came into being on 1 January 1, 1994 following an agreement between the European Free Trade Association (EFTA) and the European Union (EU). It was designed to allow EFTA countries to participate in the European Single Market without having to join the EU. In a referendum, Switzerland (ever keen on neutrality) chose not to participate in the EEA (although it is link ...


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