منابع مشابه
the price and income elasticity's of import demand of drugs in iran
one of the main principles of resistance economy, is to support domestic production and limiting imports, especially in sectors where there is the possibility of import-substituting production .this requires adjustment of exact trade policies,and to achieve this, identifying the structure of imports demand function and also price and income elasticity of import demand is necessary.this necessit...
متن کاملThe Elasticity of Demand
Examine what determines the e last ic i ty o f supp ly Imagine yourself as a Kansas wheat farmer. Because you earn all your income from selling wheat, you devote much effort to making your land as productive as it can be. You monitor weather and soil conditions, check your fields for pests and disease, and study the latest advances in farm technology. You know that the more wheat you grow, the ...
متن کاملIs positive income elasticity of demand really associated with normal goods?: revisiting the Slutsky equation and net benefit ratio
Incorporating a household’s net sale status into a rearranged Slutsky equation with combined ordinary and endowment income effects, this paper aims to reinterpret the income elasticity of demand in the case of buying and selling and to associate it with types of goods in a novel manner. To this end, the Deaton’s (1989) net benefit ratio (NBR) approach is expressed as the difference between orig...
متن کاملComparing the Income Elasticity of Health Spending in Middle-Income and High-Income Countries: The Role of Financial Protection
Background As middle-income countries become more affluent, economically sophisticated and productive, health expenditure patterns are likely to change. Other socio-demographic and political changes that accompany rapid economic growth are also likely to influence health spending and financial protection. Methods This study investigates the relationship between growth on per-capita healthcare...
متن کاملRelationship between the Uncompensated Price Elasticity and the Income Elasticity of Demand under Conditions of Additive Preferences.
Income and price elasticity of demand quantify the responsiveness of markets to changes in income and in prices, respectively. Under the assumptions of utility maximization and preference independence (additive preferences), mathematical relationships between income elasticity values and the uncompensated own and cross price elasticity of demand are here derived using the differential approach ...
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ژورنال
عنوان ژورنال: The Review of Economics and Statistics
سال: 1973
ISSN: 0034-6535
DOI: 10.2307/1925683