Elasticity of substitution/Definition: Difference between revisions

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imported>Nick Gardner
(New page: The percentage change in the ratio of the amounts of two products that is demanded that is caused by a unit percentage change in the ratio of their unit prices.)
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Revision as of 08:29, 25 April 2008

The percentage change in the ratio of the amounts of two products that is demanded that is caused by a unit percentage change in the ratio of their unit prices.

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