Abstract
Contrary to statements frequently made in the literature, the own elasticity of demand is not necessarily smaller in the short run than in the long ran. It is also shown that the availability of new commodities will not necessarily increase the own elasticity of demand for the existing commodities.
Original language | English |
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Pages (from-to) | 553-555 |
Number of pages | 3 |
Journal | American Journal of Agricultural Economics |
Volume | 56 |
Issue number | 3 |
DOIs | |
State | Published - Aug 1974 |
Externally published | Yes |
Keywords
- Demand elasticities
- Length of run
- New commodities
ASJC Scopus subject areas
- Agricultural and Biological Sciences (miscellaneous)
- Economics and Econometrics