Demand and choice elasticities for a separable product group

Demand elasticities are derived from choice elasticities for a separable group of close substitutes. The example shows that choice and ordinary elasticities are similar for minor group members but radically different for the dominant member.

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Year of publication:	2010
Authors:	Smith, Brett ; Abdoolakhan, Zeenat ; Taplin, John
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 108.2010, 2, p. 134-136
Publisher:	Elsevier
Subject:	Demand Choice Elasticity

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008866885