Revealed preference/Definition: Difference between revisions

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imported>Nick Gardner
(New page: <noinclude>{{Subpages}}</noinclude> A method of estimating the price elasticity of demand for a good by observing the market behav...)
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Revision as of 05:53, 27 June 2010

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Revealed preference [r]: A method of estimating the price elasticity of demand for a good by observing the market behaviour of consumers.