Price Theory
- ISBN-10
- 1349173347
- ISBN-13
- 9781349173341
- Series
- Price Theory
- Pages
- 399
- Language
- English
- Published
- 1977-01-01
- Publisher
- Macmillan International Higher Education
Description
If the value of ey is unity, the good has unit income elasticity: curve E, in fact, has unit elasticity over its entire length. As it happens, any linear Engel curve emanating from the origin has an income elasticity of unity over its ...
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