Substitutes and Complements Demand III - Stanford University
1. >0 ⇒ 2 1 dp dx Gross Substitutes Spring 2001 Econ 11--Lecture 7 3 Substitutes and Complements • Define x 1 and x 2 as “Gross Complements” if an increase in the price of x ... costs 1.608 times more to purchase “a representative bundle” than it did in the 1982-1984 period. ................
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