In the case of homothetic preferences the entire change in demand from a price change is due to the substitution effect.
举一反三
- In the case of homothetic preferences the entire change in demand from a price change is due to the substitution effect. A: 错 B: 对
- opposite to that of the price change, ( ) just like the sultsky substitution effect
- opposite to that of the price change, ( ) just like the sultsky substitution effect A: Hicks substitution effect must be in a direction B: SARP is both a necessary and a sufficient condition ( Unlike WARP) for what? C: Hicks substitution effect D: The substitution effect is
- The essence of the change in demand and the change in demand is<br/>whether it is the change in the price of the commodity. ( )
- The economy's inflation rate is the（ ）. A: change in the gross domestic product from the previous period. B: percentage change in the price level from the previous period. C: price level in the current period. D: change in the price level from the previous period.