Revealed preference/Definition: Difference between revisions

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imported>Nick Gardner
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A method of estimating the [[Elasticity (economics)#Price elasticity of demand|price elasticity of demand]] for a good by observing the [[market]] behaviour of consumers.
A method of estimating the [[Elasticity (economics)#Price elasticity of demand|price elasticity of demand]] for a good by observing the [[market (economics)|market]] behaviour of consumers.

Latest revision as of 18:47, 7 March 2024

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Revealed preference [r]: A method of estimating the price elasticity of demand for a good by observing the market behaviour of consumers.