The Z Curve:
The demand for a Giffen good is atypical, i.e. it increases as prices rise. The traditional representation for this phenomenon is a simple upward sloping demand curve. This model is very problematic, because it implies that demand can oscillate between infinity and negative infinity, an unrealistic...
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| Auteurs principaux: | , |
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| Format: | Artigo |
| Langue: | Inglês |
| Publié: |
Instituto Mises Brasil
2018-11-01
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| Collection: | Mises |
| Sujets: | |
| Accès en ligne: | https://misesjournal.org.br/misesjournal/article/view/311 |
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