---
entity_slug: agricultural_price_elasticity
evaluator: null
evaluated_at: '2026-02-23T00:29:42.907982'
overall_score: 4.0
scores:
- name: definition_precision
  value: 4.0
  max_value: 5.0
  rationale: The definition is mathematically precise, clearly stating the formula
    for price elasticity and distinguishing between supply and demand elasticity.
    It avoids circularity and captures a distinct economic concept with measurable
    parameters.
- name: source_grounding
  value: 3.0
  max_value: 5.0
  rationale: While Smith discusses agricultural supply and demand responses to price
    changes in Book I Chapter 11, he doesn't explicitly use the formal concept of
    "price elasticity" or provide the mathematical framework described. The entity
    extrapolates from Smith's observations using later economic terminology.
- name: domain_placement
  value: 5.0
  max_value: 5.0
  rationale: The "Exchange" domain is perfectly appropriate since price elasticity
    fundamentally concerns how markets coordinate supply and demand through price
    mechanisms. This is a core exchange relationship concept.
- name: vsm_relevance
  value: 4.0
  max_value: 5.0
  rationale: This entity maps well to S2 (coordination/anti-oscillation) as price
    elasticity describes how markets dampen or amplify price fluctuations through
    supply/demand responses. It also relates to S4 (intelligence) regarding market
    adaptation to environmental changes.
- name: explanatory_value
  value: 4.0
  max_value: 5.0
  rationale: The concept provides genuine explanatory power by illuminating the mechanism
    through which agricultural markets respond to price signals and why some markets
    are more volatile than others. It explains structural market behavior rather than
    just naming a phenomenon.
---

# Evaluation: Agricultural Price Elasticity

## definition_precision — 4.0 / 5.0

The definition is mathematically precise, clearly stating the formula for price elasticity and distinguishing between supply and demand elasticity. It avoids circularity and captures a distinct economic concept with measurable parameters.

## source_grounding — 3.0 / 5.0

While Smith discusses agricultural supply and demand responses to price changes in Book I Chapter 11, he doesn't explicitly use the formal concept of "price elasticity" or provide the mathematical framework described. The entity extrapolates from Smith's observations using later economic terminology.

## domain_placement — 5.0 / 5.0

The "Exchange" domain is perfectly appropriate since price elasticity fundamentally concerns how markets coordinate supply and demand through price mechanisms. This is a core exchange relationship concept.

## vsm_relevance — 4.0 / 5.0

This entity maps well to S2 (coordination/anti-oscillation) as price elasticity describes how markets dampen or amplify price fluctuations through supply/demand responses. It also relates to S4 (intelligence) regarding market adaptation to environmental changes.

## explanatory_value — 4.0 / 5.0

The concept provides genuine explanatory power by illuminating the mechanism through which agricultural markets respond to price signals and why some markets are more volatile than others. It explains structural market behavior rather than just naming a phenomenon.
