On normal assumptions on demand function and its elasticity

Autor: Barić Pisarović, Gordana, Raguž, Andrija, Vojvodić Rozenzweig, Višnja
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