Notes
Formulas
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PED = % change QDa - correlation
% change Pa
YED = % change QDA + correlation for normal goods
% change Y - correlation for inferior goods
XED = % change QDa + correlation for substitutes
% change Pb - correlation for complements
PES = % change Sa + correlation
% change Pa
AD = C + I + G + (X - M)
Elasticities
AD
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- Economics Note on Formulas, created by Veleka Georgieva on 23/02/2014.
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- Veleka Georgieva
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