The fraction that each group ends up paying or receiving depends on the relative elasticities of supply and demand 每一组最终支付和接受的部分取决于相关的供求弹性。
The price of elasticity of supply measures the responsiveness of quantity supplied of a good to a change in its price 价格供给弹性度量某商品的供给量对其价格改变的反应。
About explosive market dynamics where the time delay in respect of supply or demand towards a price signal on the one hand and the price elasticity of supply and demand on the other could result in enormous price volatility at huge social cost 记得曾在此专栏谈到市场大幅波动的问题,即若供应方或需求方对价格讯息及供求的价格弹性的反应出现时间滞后,价格便可能会极度不稳定,造成很大的社会代价。