Subtleties Associated with Derived Demand Relationships

Ronald A. Schrimper

Agricultural and Resource Economics Review, 1995, vol. 24, issue 2, 241-246

Abstract: Subtleties involving measurement of quantities and prices when derived demands are graphically displayed in frameworks representing market linkages are discussed. Complications arising from assuming variable proportions rather than fixed coefficients are noted. Finally, an example developed by Wohlgenant and Haidacher is clarified.

Date: 1995
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