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1. Theprice elasticity of demand for this productis high, meaning that a small increasein price will result in a large decreasein demand.
该产品的需求价格弹性很高,这意味着价格的小幅上涨会导致需求的大幅减少。
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2.The government's decision to raise taxeson luxury goods has led to a decreasein demand for these products.
政府对奢侈品征税的决定导致对这些产品的需求量下降。
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3. The economists believe that the price elasticity ofdemand for this commodity is low, indicating that a small increase in pricewill not significantly affect its demand.
经济学家认为这种商品的需求价格弹性低,意味着价格的小幅上涨不会显著影响其需求。