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...

Full description

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/