On the Nature of Elasticity Function: An Investigation and a Kernel Estimation
In economics, we know the law of demand: a higher price will lead to a lower quantity demanded. The question is to know how much lower the quantity demanded will be. Similarly, the law of supply shows that a higher price will lead to a higher quantity supplied. Another question is to know how much h...
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| Format: | Article |
| Language: | English |
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Hindawi Limited
2023-01-01
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| Series: | Journal of Applied Mathematics |
| Online Access: | http://dx.doi.org/10.1155/2023/1346602 |