Cross-Price Elasticity and Income Elasticity of Demand : Are Your Students Confused?

The authors demonstrate that most textbooks are ambiguous at best in their treatment of cross-price and income elasticity of demand. There is also no discussion of what initiates a price increase in discussions of substitutes and complements in the textbooks examined. The authors offer a remedy for these deficiencies

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Year of publication:	2010
Authors:	Graves, Philip E. ; Sexton, Robert L.
Publisher:	[S.l.] : SSRN
Subject:	Einkommenselastizität der Nachfrage \| Income elasticity of demand \| Preiselastizität \| Price elasticity \| Nachfrage \| Demand \| Wirtschaftsstudium \| Graduate economics education \| Studierende \| Students

Extent:	1 Online-Ressource (4 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: The American Economist, Vol. 54, No. 2, pp. 107-110, Fall, 2009 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2009 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014197240