A theorem of the Law of Demand
This article proves that at the level of an individual ceteris paribus, when the endowments of goods in general -and of time in particular-, are taken into account, a good complies with the Law of Demand if and only if: a) It is normal (inferior) and its excess demand is positive (negative); or b) T...
- Autores:
-
Vallejo, Hernán
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2021
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/50543
- Acceso en línea:
- http://hdl.handle.net/1992/50543
- Palabra clave:
- Ordinary Goods
Giffen Goods
Veblen Goods
Normal Goods
Inferior Goods
Inelastic Goods
D01, D11, J22
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/