On normal assumptions on demand function and its elasticity
Autor: | Barić Pisarović, Gordana, Raguž, Andrija, Vojvodić Rozenzweig, Višnja |
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Jazyk: | angličtina |
Rok vydání: | 2018 |
Předmět: | |
Popis: | In this note we consider the demand function D = D(p), where p is price of a certain good and we introduce some natural assumptions on D in terms of the corresponding elasticity coefficient. We derive some properties of D which follow from the normal assumptions, and we provide economic interpretation and application. We also present some classes of of functions which satisfy the normal assumptions. |
Databáze: | OpenAIRE |
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