Download - Demand Functions, Elasticities, Slutsky
-
8/7/2019 Demand Functions, Elasticities, Slutsky
1/15
#$
&%$$%%$$&%$
$ $&%$
!$%$
-
8/7/2019 Demand Functions, Elasticities, Slutsky
2/15
&%$
,78,,302,3/:3.9438 .,3-0/07;0/174290.438:207:992,28,943574-02
%0057088906:,399/02,3/0/4144/,8,1:3.9434157.08,3/3.420
!! %07,5.,39075709,94390/02,3/.:7;04/8490757.08,3/
3.420.4389,39890223174298/07;,943
%0,70&$#.20,389,990708342430:84343905,794190.438:207
.8,302,3/:3.9438 ,70,8:-80941
,78,,302,3/:3.9438904384908:-899:9430110.9/8.:880/,907
%0057088906:,399/02,3/0/,8,1:3.9434157.08,3/&%%
!!& %07,5.,39075709,9434/8490757.08,3/:99.4389,39
!!
&!!
-
8/7/2019 Demand Functions, Elasticities, Slutsky
3/15
!#$ $ #$
'$ # # $
.8,3/02,3/.:7;08
,7089005079,3
,78,,3.:7;08147
3472,44/8
%88-0.,:80-04
90390780.9435439
903/;/:,8
3.420870/:.0/
:3/0790.8,3
.425038,90/.:7;0
840888/02,3/0/
9,3:3/0790
,78,,306:;,039
!!
&!!
!
-
8/7/2019 Demand Functions, Elasticities, Slutsky
4/15
$&$%%&% %$
3.420110.9%00110.943.438:2594341,44//:094,.,30370,3.420
$43-
$:-899:943110.9%00110.943.438:2594341,44//:094,.,30370,9;057.08
$43-
%0/,7,2848,#$39057.04190-:/09308383,7/8,3/01,4394,407:990;0
&
&
-
8/7/2019 Demand Functions, Elasticities, Slutsky
5/15
### $
472,44/
43,7/8453/02,3/.:7;08
31074744/
110344/850.,.,804131074744/
070903.4200110.94:90890
8:-899:9430110.98!#$84/408
43;0780,8!##$$84/408&5,7/8453/02,3/.:7;0
N
N
N
N
-
8/7/2019 Demand Functions, Elasticities, Slutsky
6/15
$%% % $
'$ $%% !$ !#
'$
&&
&&
4389,39!:7.,83!407
:/0930,/:890/8:.9,94:
.,3,1147/90#&
.8,3
:/0930,/:890/8:.9,94:
,704390#&%%'
408974:
473,-:3/0
%,3039,94
473,&99
-
8/7/2019 Demand Functions, Elasticities, Slutsky
7/15
$%%$
,89.98907085438;03088418420;,7,-0
94,.,303,34907;,7,-0%0.42243
4308,70
3!7.0,89.94102,3/
7488!7.0,89.94102,3/
3.420,89.94102,3/
!
!
!
! c
N
N
1
!
!
!
! c
N
N
1
c
N
N
1
-
8/7/2019 Demand Functions, Elasticities, Slutsky
8/15
' &% $%%$
4240309
%08:241903!7.0,89.97488!7.0
,89.9,3/903.420,89.94102,3/
;090/0700414240309419044/ %0701470147,/02,3/1:3.9434:4:/
050.9908:29406:,940749,98
!! 111
-
8/7/2019 Demand Functions, Elasticities, Slutsky
9/15
% $&%$"&% $
$&$%%&% %
%0$:9806:,943848904;07,.,303
.438:25943,7831742,57.0.,30 //!$:-899:943110.93.420110.9
%0$:-899:9430110.9882590.,303.438:25943,9,;03:990;0
%03.4200110.98,8;03
%07014705:9939,940907
&
!
!
N
N
N
N
!
c
N
N
N
Nc
N
N
!
!
&
N
Nc
N
N
N
N
-
8/7/2019 Demand Functions, Elasticities, Slutsky
10/15
$&%$"&%
%070,8430.,32,0908251.,94394908:-899:9430110.906:,9438-0.,:8041$!#$
//!
1107039,93900503/9:701:3.94379 9057.0419044/;090.8,3/02,3/1:3.9431479,944/
390$:9806:,9430.,3:8090,78,,3/02,3/1:3.943/:0943494/3:99.4389,398:-899:933& 80013,8/0
&8390$:986:,9430.,3907014702,902,9.,/0.425480,57.0.,303948:-899:943,3/3.4200110.98
%07014700.,38009070,9;02,39:/08,3/838410,.0110.9,3//0/:.0090798,3472,310747471103 44/
-
8/7/2019 Demand Functions, Elasticities, Slutsky
11/15
S S _
WUSZYWZVWSZVVaW`[`W_aT_``a`[ZWXXWU`VWSZVS`\^UW_SZVS`W^WVZU[W_[S_`[
WW\\a^US_ZY\[cW^U[Z_`SZ`TaVYW`ZWY[W_`^[aY[^YZSTaZVW [^YZS\^UW_SZVZU[W
S S Z
WUSZYWZVWSZVVaW`[`WZU[WWXXWU`VWSZVS`\^UW_SZV[VZU[WW[Z\b[`WVTaVYW`ZW VWSZVS`ZWc\^UW_SZV[ZS`W^WVZU[WS_ST[bW
S _ZWa`_VWZ``S ZZW`_VW
-
8/7/2019 Demand Functions, Elasticities, Slutsky
12/15
aTXXWU` ZUXXWU`
-
8/7/2019 Demand Functions, Elasticities, Slutsky
13/15
$&%$"&% % $ #$$
!# %$
%006:;,039$:986:,9431479444/88
%0/110703.0-09003#$$,3/%8:-899:908.4250203944/8.,3-00,230/:8398
#$$70,943814.:843904;07,.,303.438:25943/:094,.,30357.08
7488425020398//!
7488$:-899:908//!
822097574-028 /:094903.4200110.9.4:/-0,.4250203941-:92,34930.088,7-0,.4250203941
%70,943814.:84343908:-899:9430110.9,3/9:8,;4/,822097574-028
09425020398//! &
09$:-899:908//! &
!
!
&
N
Nc
N
N
N
N
-
8/7/2019 Demand Functions, Elasticities, Slutsky
14/15
$&%$ $%%
$:986:,9438.,3,84-0799033
,89.91472
!#$&%$"&%
070$8908,7041949,3.4208503943
#$$!#$&%$"&%
!!0$00
.
c
!!0$00
.
c
-
8/7/2019 Demand Functions, Elasticities, Slutsky
15/15
!!%#% %
$ #$
&%$
03.0,78,,3,3/.8,3/02,3/
1:3.9438,70"&'%/:094&%
(
(
:3.943&993/70.9:3.9430503/9:7
.8,3
3,78,,
3333
3333
3
3
3
3
!!!!'!!&!!
&!!&!!!!!!
!!'&
&!!
&!!
!!
(
(