The greater the price elasticity of a security the greater its price change for any given change in market interest rates.

Name: The greater the price elasticity of a security the greater its price change for any given change in market interest rates.
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Price elasticity of a security refers to how sensitive its price is to changes in market interest rates. A higher elasticity means the security's price is more sensitive and will experience larger changes in response to interest rate movements.

The Greater the Price Elasticity of a Security the Greater