Seale, James Lawrence (contributor); … - 2003 - [Elektronische Ressource]
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1
Assuming a relatively free-market economy.
2
The compensated price elasticity measures demand response when price …, the uncompensated price elasticity represents
demand response when price changes are not compensated by income change …
called “compensated” or “Slutsky” price elasticities and are equal to the uncompensated price elasticity
(also called …