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Relating Elasticities to Changes in Demand |
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| Authors: | Robert F. Bordley |
| Affiliation: | Societal Analysis Department , General Motors Research Labs , Warren , MI , 48090 |
| Abstract: | This article specifies a class of equations relating the demand for a good to prices. It is shown that given this class of equations, one can relate the ratio of cross-elasticities to relative changes in demand, given arbitrary price changes. |
| Keywords: | Cross-elasticity Applied demand analysis Estimation |