It is not to be confused with Price elasticity of supply. Price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price, ceteris paribus.
Resolution in western tonal music theory is the move of a note or chord from dissonance (an unstable sound) to a consonance (a more final or stable sounding one).
Definition of resolution for Students. 1  1 : something decided on a New Year's resolution. 2  2 : firmness of purpose : determination. 3  3 : the act of solving They went to court for resolution of the matter. 4  4 : the solution to a problem They found a resolution to the dispute. 5  5 : a statement of the feelings, wishes, or decisions of a group.