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Measures of response: elasticities

29 十二月, 2015 - 10:10

Learning Objectives

In this chapter we will explore:

  1. Responsiveness as elasticities
  2. Demand elasticities and expenditure
  3. The short run, the long run and inflation
  4. Cross-price and income elasticities
  5. Income elasticity of demand
  6. Supply side responses
  7. Tax incidence
  8. Identifying the elasticity