Aggregate demand is an economic term that encompasses the total amount of goods and services consumers want at an established overall price level and within a given period of time. Supply chain ...
In this paper we present results of joint estimates of factor demand functions in aggregate Swedish industry and in eight of its subsectors using the equilibrium equality between marginal ...
The very restrictive nature of systems of supply and demand functions which have constant elasticities is well known. The same is not true of single constant own-price elasticity demand functions.
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