=+d. Can you use this example to explain why it is useful to measure the substitutability between
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=+d. Can you use this example to explain why it is useful to measure the substitutability between different goods using percentage terms (as in the equation for the elasticity of substitution)
rather than basing it simply on the absolute value of slopes at different bundles?
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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