The degree of complementarity, however, does not have to be mutual; it can be measured by cross price elasticity of demand.
33.
Thus, one can never be sure of the price elasticity of demand of the various commodity groups of imports and exports.
34.
Empirical measures of the income elasticity of demand in North America range from 0.5 to 0.9 ( De Leeuw 1971 ).
35.
The elasticity of demand for good \ displaystyle x _ l ( p, w ) with respect to price p _ k is
36.
Where the tax incidence falls depends ( in the short run ) on the price elasticity of demand and price elasticity of supply.
37.
If the elasticity of demand is low, more will be paid by the customer; and, contrariwise for the cases where those elasticities are high.
38.
In competition those joint costs are apportioned among paying customers according to their elasticity of demand, not according to any rule of equal treatment.
39.
Income elasticity of demand can be used as an indicator of industry health, future consumption patterns and as a guide to firms investment decisions.
40.
The elasticity of demand for Malaysian furniture products is high, due significantly to low product differentiation and high substitution of products made by neighbouring countries.
