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单词 compensated demand curve
释义 compensated demand curve

The demand curve for a good as it would be if consumers were compensated for the effect of changes in its price. As this removes the income effect of price changes, which are negative except for inferior good, the compensated demand curve for a normal good is less elastic than the market demand curve, which includes income effects.

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更新时间:2024/9/21 10:41:55