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Subtleties Associated with Derived Demand Relationships
Published online by Cambridge University Press: 15 September 2016
Abstract
Subtleties involving measurement of quantities and prices when derived demands are graphically displayed in frameworks representing market linkages are discussed. Complications arising from assuming variable proportions rather than fixed coefficients are noted. Finally, an example developed by Wohlgenant and Haidacher is clarified.
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- Copyright © 1995 Northeastern Agricultural and Resource Economics Association